303-305 Coke Street - Storefront FOR SALE
Hillsboro, TX 76645 |
$3,500,000 USD
214-227-9869
303-305 Coke Street
Hillsboro, TX 76645
HIGHLIGHTS
- Weighted Average Base Rental Rate of Only $16.55/SF, While Commanding $20/SF Base Rent in ~20% of GLA
- 100% of the Tenant Line-Up Has Occupied the Center Over 5 Years, 70% Over 10 Years, and 12%+ Has Occupied the Site for Over 15 Years
- Features 8 Tenants With NNN Lease Structures
- Presents an Opportunity to Acquire a Strong, Stabilized Shopping Center With a Favorable Mix of Retailers
- Shadow-Anchored to Walmart, Who Benefits From Ample Traffic Counts and Caters Well to the Local Demographics
- The City of Hillsboro and Several Major Local Developers Have Strategic Plans to Stimulate Business Growth via Commercial Real Estate Construction
FOR SALE DETAILS
PRICE
$3,500,000 USD
PRICE/SF
$222 USD /SF
CAP RATE
7.6%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Hillsboro Commons
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Freestanding, Storefront Retail/Office, Health Club
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.84 AC
LAND SF
80,150 SF
ZONING
-
APN/PARCEL ID
113565,377011
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214-227-9869
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214-227-9869
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