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Fox Center | 3210-3300, 3310 E Central Texas Expy
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Fox Center 3210-3300, 3310 E Central Texas Expy
29,601 SF 100% Leased Retail Building Killeen, TX 76543 £7,634,802 (£258/SF) 7% Net Initial Yield
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INVESTMENT HIGHLIGHTS
- Sale consists of 3 buildings with a tenant mix of retail shops, professional and medical offices
- NNN leases with minimal landlord responsibilities (roof, parking lot and common areas)
- Includes a large monument sign with great visibility along the main highway
- Property is 95.2% leased and being sold on a 7% cap rate
- Excellent location on the main highway in Killeen surrounded by retail centers
- Ideal retail center offering of a stabilized asset in Killeen, TX
EXECUTIVE SUMMARY
Fox Center retail offering on a 7% cap in Killeen, TX. Rare opportunity to acquire a stabilized retail center in a prime location featuring expressway access and high traffic counts. 95.2% occupancy rate with potential to increase rent rates upon renewal of leases.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
29,601 SF
Year Built
2001
Price
£7,634,802
Price Per SF
£258
Net Initial Yield
7%
NOI
£534,436
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.21
Lot Size
3.31 AC
Zoning
COM'L BLDG - Commercial Buildings
Parking
212 Spaces (7.16 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 502192 | Improvements Assessment | £624,796 |
Land Assessment | £374,627 | Total Assessment | £999,423 |
PROPERTY TAXES
Parcel Number
502192
Land Assessment
£374,627
Improvements Assessment
£624,796
Total Assessment
£999,423
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Fox Center | 3210-3300, 3310 E Central Texas Expy
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