About This Restaurant
Investment Highlights
75% Occupied | Value-Add Opportunity | Scheduled Rent Increases | E-Commerce Resistant Tenant Lineup Adjacent to Walmart | Nearby Centers and National/Credit Tenants NNN Leases | Fee Simple Ownership | Low Management Demographics In 5-Mile Trade Area
Executive Summary
? The subject property is ideally located near an intersection of U.S. Highway 190 and Fourth St., a main commuter thoroughfare and retail corridor in the city of Lampasas, with an average of 13,800 vehicles passing by daily? The asset is adjacent to a Walmart Supercenter? Within 1 mile radius of the subject property, there are multiple shopping centers and mall anchored by major tenants including H-E-B, Tractor Supply Co., Ace Hardware, and more? Strong tenant synergy promotes crossover shopping to the subject property
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Retail
- Building Size 70,410
- Building Class B
- Year Built 2021
- Price 3,000,000
- Price Per SF 43
- Cap Rate 5.75
- NOI 172,563
- Percent Leased 75
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.77
- Land Acres 2.10 AC
Property Taxes
| Parcel Number | 8176 | Improvements Assessment | $88,640 |
| Land Assessment | $1,524,170 | Total Assessment | $1,612,810 |
| Date Created: | 2024-07-16 04:23:45 | Last Updated: | 2024-07-16 04:23:45 |
| Address: | 1702 Central Expy , Lampasas, Texas, 76550 | ||