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Investment Highlights

  • 15+ Years Of Contractual Income | Currently Dark | Value-Add Opportunity | 2023 Remodel
  • Just Off Signalized, Hard Corner Intersection | Interstate 20 | Shopping Center Outparcel | Excellent Visibility & Access
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
  • Abilene Named Flagship Site For $500B+ AI Infrastructure Project

Executive Summary

• More than 15 years of remaining lease term with scheduled 2% annual rental increases provides fixed, contractually obligated income and steady NOI growth backed by the lease obligation itself
• The property is currently dark, presenting a compelling value-add opportunity while continuing to benefit from long-term contractual rental income
• Remodeled in 2023 as a modern urgent care facility with high-quality finishes and a functional medical build-out, positioning the space for continued medical use

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,551 SF
Building Class
B
Year Built/Renovated
1999/2023
Price
$2,500,000
Price Per SF
$980.01
Cap Rate
8.93%
NOI
$223,253
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.68 AC
Zoning
GR - General Retail
Parking
40 Spaces (15.68 Spaces per 1,000 SF Leased)
Frontage
194’ on 10th St

Amenities

  • Corner Lot
  • Pylon Sign
  • Signalized Intersection

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Your Choice Healthcare, LLC
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Your Choice Healthcare, LLC Health Care and Social Assistance 99,999 SF - Lorem Ipsum -
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Major Retailers

Prosperity Bank
Taco Bueno
McAlister's Deli
Anytime Fitness
United Supermarkets
Rosa's Cafe
Starbucks
Hooters

Property Taxes

Property Taxes

Parcel Number
99311
Land Assessment
$170,821
Improvements Assessment
$2,030,179
Total Assessment
$2,201,000
  • Listing ID: 29888395

  • Date on Market: 10/26/2023

  • Last Updated:

  • Address: 1116 NE 10th St, Abilene, TX 79601

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