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Killeen Marketplace 1500-1600 Lowes Blvd 80,615 SF 100% Leased Retail Building Killeen, TX 76542 $17,111,000 ($212.26/SF) 7.35% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased Shopping Center Anchored by Northern Tool + Equipment and Boot Barn
- Adjacent to Walmart Supercenter (Top 3% Nationwide) with Nearby Lowe’s, Hobby Lobby, And Kohl’s
- 5 Miles to Fort Hood (70,000+ Military and Civilian Personnel; $39B+ Annual Texas Economic Impact)
- Situated in Killeen’s Primary Retail Hub Just Off I-14/US-90 (83,000 ADT)
- Directly Across from Killeen Mall (554,000 SF | 80+ Stores)
- Strong Regional Demand: 250,000 Population within 10 Miles; 9.39% Forecast Five-Year Growth
EXECUTIVE SUMMARY
Our team is now offering a 100% leased shopping center anchored by Northern Tool + Equipment and Boot Barn, strategically located in the heart of Killeen’s dominant retail corridor. Positioned just off I-14/US-190 (83,000 ADT) and directly across from Killeen Mall, the property is surrounded by top national anchors and major demand drivers. This is a rare opportunity to acquire a stabilized income-producing asset in a high-growth Texas market, priced below replacement cost at just $212 PSF.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
80,615 SF
Building Class
B
Year Built
2000
Price
$17,111,000
Price Per SF
$212.26
Cap Rate
7.35%
NOI
$1,257,640
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
14.08 AC
Parking
551 Spaces (6.83 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 211195 | Improvements Assessment | $1,882,664 |
| Land Assessment | $1,984,376 | Total Assessment | $3,867,040 |
PROPERTY TAXES
Parcel Number
211195
Land Assessment
$1,984,376
Improvements Assessment
$1,882,664
Total Assessment
$3,867,040
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Killeen Marketplace | 1500-1600 Lowes Blvd
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