Hurst St 2 Retail Properties Offered at $2,315,000 in Center, TX

INVESTMENT HIGHLIGHTS

  • High Traffic
  • Mix of Stabilized Income and Value Add
  • Great Signage/Visibility

EXECUTIVE SUMMARY

High visibility retail strip centers with mix of stabilized income across (2) buildings and (7) in-place tenant leases and value add opportunity in the areas of roof line expansion, lease restructure and mark-to-market opportunities and lease-up of the (23) newly constructed self storage units with room to add up to (15) more. With a Net Operating Income of $223,469.09, the going-in cap rate is 9.65% at the asking price.

PROPERTY FACTS

Price $2,315,000
Price / SF $118.72 / SF
Sale Condition Bulk/Portfolio Sale
Cap Rate 9.65%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 19,500 SF
Total Land Area 1.85 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
766 Hurst St, Center, TX 75935 Retail 4,500 SF 2020 -
807 Hurst St, Center, TX 75935 Retail 15,000 SF 2005 -
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  • Listing ID: 26386450

  • Date on Market: 8/11/2022

  • Last Updated:

  • Address: Hurst St, Center, TX