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- LoopNet Team
191 Highway 290
Elgin, TX 78621
House Park Shopping Center · Retail Property For Sale
PROPERTY FACTS
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
About 191 Highway 290 , Elgin, TX 78621
• Strong Value-Add Component: The Property is Currently 90 Percent Occupied Providing Investors with a Stable Current Cash Flow while Offering Significant Upside through the Lease Up of the Remaining Available Space. • Below-Market Rents: The Average Rental Rate at House Park Shopping Center is $10.61/SF Modified Gross, While Market Rent in the Immediate Trade Area is Leasing at $12/SF to $19.50/SF NNN. • Great Visibility with High Traffic Counts: House Park Shopping Center is Situated off US-290 where Traffic Counts Exceed 24,000 Vehicles Per Day. • Priced Below Replacement Cost: House Park Shopping Center Presents a Compelling Opportunity to Acquire a Retail Asset at $91.58 Per Square Foot, which is well Below Replacement Cost. • All Spaces are Highly Visible: The Property has Great Visibility from US-290, the Major Highway Running through Elgin.
PROPERTY TAXES
| Parcel Number | 11777 | Improvements Assessment | $1,784,859 |
| Land Assessment | $696,299 | Total Assessment | $2,481,158 |
PROPERTY TAXES
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