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202 E Veterans Memorial Blvd

15,795 SF 100% Leased Retail Building Killeen, TX 76541 $2,500,000 ($158/SF) 5.78% Cap Rate

Investment Highlights

  • Central location
  • Major street
  • Walking distance
  • Great Visibility

Executive Summary

FULLY RENTED - Excellent income property in the heart of Killeen. Corner Pocket Pool Hall, Cloud Vape and Smoke, Church and PapaJohns Pizza. Large open parking area, lighted marquis.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $200,148 $12.67
Other Income - -
Vacancy Loss - -
Effective Gross Income $200,148 $12.67
Taxes - -
Operating Expenses - -
Total Expenses $40,720 $2.58
Net Operating Income $159,428 $10.09

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $200,148
Annual Per SF $12.67
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $200,148
Annual Per SF $12.67
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $40,720
Annual Per SF $2.58
Net Operating Income
Annual $159,428
Annual Per SF $10.09

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,795 SF
Building Class
B
Year Built
1995
Price
$2,500,000
Price Per SF
$158
Cap Rate
5.78%
NOI
$144,560
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Land Acres
0.99 AC
Zoning
B-5 - No liquor sales or consumption, no gaming or entertainment of any kind will be allowed in any suites as long as Corner Pocket is still in business.
Parking
50 Spaces (3.28 Spaces per 1,000 SF Leased)
Frontage
210 FT on E Veterans Memorial Blvd

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signalized Intersection

About 202 E Veterans Memorial Blvd , Killeen, TX 76541

FULLY RENTED :Excellent location for this young plaza/shopping center. Very attractive all dark glass front.

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Christiana Iglesia
  • Educational Services
  • 2,400 SF
  • $7.75
  • Net
  • May 2026
  • Cloud Smoke and Vape
  • Arts, Entertainment, and Recreation
  • 2,349 SF
  • $13.02
  • Modified Gross
  • Dec 2027
  • Corner Pocket
  • -
  • 9,234 SF
  • $11.89
  • Triple Net
  • Jun 2027
  • Accommodation and Food Services
  • -
  • -
  • -
  • Mar 2027

Papa Johns secret to success is much like the secret to making a better pizza - the more one puts into it, the more one gets out of it. Their pizza family is as hungry for perfection today as they were when they first opened their doors years ago. And they're driven to be the best at making innovative new products and recipes. They don’t use cheap and more processed ingredients. Whether it's their signature sauce, toppings, their original fresh dough, or even the box itself, they invest in their ingredients to ensure that they always give the finest quality pizza.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Christiana Iglesia Educational Services 2,400 SF $7.75 Net May 2026
Cloud Smoke and Vape Arts, Entertainment, and Recreation 2,349 SF $13.02 Modified Gross Dec 2027
Corner Pocket - 9,234 SF $11.89 Triple Net Jun 2027
Accommodation and Food Services - - - Mar 2027
Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

H-E-B
Planet Fitness
The YMCA
Buddy's Home Furnishings
Starbucks
Sam's Southern Eatery
Rent-A-Center
Denny's
Navy Federal Credit Union
IHOP

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
132801
Land Assessment
$151,410
Improvements Assessment
$1,734,703
Total Assessment
$1,886,113
  • Listing ID: 31342727

  • Date on Market: 8/26/2019

  • Last Updated:

  • Address: 202 E Veterans Memorial Blvd, Killeen, TX 76541

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