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Fox Center 3210-3300, 3310 E Central Texas Expy

29,601 SF 100% Leased Retail Building Killeen, TX 76543 £7,416,096 (£250.54/SF) 7% Net Initial Yield

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.

ATTACHMENTS

Fox Center Retail Killeen_OM
Fox Center Retail_Killeen_Flyer

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
29,601 SF
Year Built
2001
Price
£7,416,096
Price Per SF
£250.54
Net Initial Yield
7%
NOI
£519,127
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
775 ft on E Central Texas Expy

AMENITIES

  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Signage
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NEARBY MAJOR RETAILERS

Navy Federal Credit Union
Pluckers Wing Bar
Tilted Kilt
Outback Steakhouse
Buffalo Wild Wings
Little Tokyo
Chili's Grill & Bar
Jason's Deli
Applebee's
Red Robin

PROPERTY TAXES

Parcel Number 502192 Improvements Assessment £605,956
Land Assessment £363,330 Total Assessment £969,286

PROPERTY TAXES

Parcel Number
502192
Land Assessment
£363,330
Improvements Assessment
£605,956
Total Assessment
£969,286
(214) 402-2007

CONTACTS

  • Listing ID: 32708277

  • Date on Market: 06/08/2024

  • Last Updated:

  • Address: 3210-3300, 3310 E Central Texas Expy, Killeen, TX 76543

The Killeen/Fort Cavazos Retail Property at 3210-3300, 3310 E Central Texas Expy, Killeen, TX 76543 is currently available. Contact Briggs Freeman Sotheby's International Realty for more information.

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Fox Center | 3210-3300, 3310 E Central Texas Expy
(214) 402-2007 x

Fox Center | 3210-3300, 3310 E Central Texas Expy

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Ellen Haynes

(214) 402-2007

(214) 402-2007

Scott Bumpas

(214) 402-2007

(214) 402-2007

Reese Davis

(214) 616-8330

(214) 616-8330

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