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4-Tenant Strip | Near West TX A&M Univ 1512 5th Ave 10,432 SF 100% Leased Retail Building Canyon, TX 79015 $2,435,000 ($233.42/SF) 7.50% Cap Rate
Investment Highlights
- 100% Occupied | NNN Leases | Scheduled Rental Increases
- West Texas A&M University | Dense Retail Corridor
- NNN Leases | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The asset features a diverse tenant line-up, promoting crossover exposure to the site
• All tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor
• The leases include scheduled rental increases during the initial terms and option periods
• All tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor
• The leases include scheduled rental increases during the initial terms and option periods
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,432 SF
Building Class
B
Year Built/Renovated
2016/2022
Price
$2,435,000
Price Per SF
$233.42
Cap Rate
7.50%
NOI
$182,651
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
0.39 AC
Zoning
RC3
Frontage
Amenities
- Dedicated Turn Lane
- Signage
Bike Score®
Very Bikeable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | R-005-7800-3720-0 | Improvements Assessment | $921,415 |
| Land Assessment | $101,930 | Total Assessment | $1,023,345 |
Property Taxes
Parcel Number
R-005-7800-3720-0
Land Assessment
$101,930
Improvements Assessment
$921,415
Total Assessment
$1,023,345
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4-Tenant Strip | Near West TX A&M Univ | 1512 5th Ave
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