1702 Central Texas Expy
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1702 Central Texas Expy
70,410 SF 75% Leased Retail Building Lampasas, TX 76550 $3,000,000 ($43/SF) 5.75% Cap Rate
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
• 75% occupied strong e-commerce resistant tenant lineup
• Offering features upside for a future investor through leasing up the remaining vacancy
• T-Mobile has 10% rental increases every 5 years, while Quan Den Palace, and Golden Chick have 2% rental increases annually
• Scheduled rental increases for all tenants, steadily build up NOI and hedge against inflation
• Offering features upside for a future investor through leasing up the remaining vacancy
• T-Mobile has 10% rental increases every 5 years, while Quan Den Palace, and Golden Chick have 2% rental increases annually
• Scheduled rental increases for all tenants, steadily build up NOI and hedge against inflation
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
70,410 SF
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
Zoning
R - R: Retail
Parking
88 Spaces (1.25 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This space is in shell condition ready for your build-out with landlord supported Tenant Improvement allowance.
| Space | Size | Space Use | Position | Available |
| 3 | 2,250 SF | Retail | In-Line | Now |
3
| Size |
| 2,250 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
3
| Size | 2,250 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
This space is in shell condition ready for your build-out with landlord supported Tenant Improvement allowance.
PROPERTY TAXES
| Parcel Number | 8176 | Improvements Assessment | $1,524,170 |
| Land Assessment | $88,640 | Total Assessment | $1,612,810 |
PROPERTY TAXES
Parcel Number
8176
Land Assessment
$88,640
Improvements Assessment
$1,524,170
Total Assessment
$1,612,810
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John Toben -
National Net Lease Group
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1702 Central Texas Expy
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