1702 Central Texas Expy - Retail FOR SALE


Lampasas, TX 76550
$3,000,000 USD
254-716-4448
1702 Central Texas Expy, Lampasas, TX for Sale
$3,000,000 USD
Retail - FOR SALE
1/7
null | 5.75% Cap Rate

1702 Central Texas Expy
Lampasas, TX 76550


HIGHLIGHTS

  • 75% Occupied | Value-Add Opportunity | Scheduled Rent Increases | E-Commerce Resistant Tenant Lineup
  • NNN Leases | Fee Simple Ownership | Low Management
  • Adjacent to Walmart | Nearby Centers and National/Credit Tenants
  • Demographics In 5-Mile Trade Area

OVERVIEW

• 75% occupied strong e-commerce resistant tenant lineup • Offering features upside for a future investor through leasing up the remaining vacancy • T-Mobile has 10% rental increases every 5 years, while Quan Den Palace, and Golden Chick have 2% rental increases annually • Scheduled rental increases for all tenants, steadily build up NOI and hedge against inflation

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$335 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lampasas Strip Center | Adj to Walmart

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

88

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

R

APN/PARCEL ID

8176

ASK ABOUT THIS PROPERTY

John TobenNational Net Lease GroupMore Info
254-716-4448

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John TobenNational Net Lease GroupMore Info
254-716-4448

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.