Stallion Park Center

Shopping Center for Sale
Catylist Listing ID: 30174379
Property Subtypes: Neighborhood Center
Building Size (RSF): 20,400 SF
Gross Land Area: 2.79 Acres
Sale Price: $3,950,000
Unit Price: $193.63 PSF
Ceiling: 10 ft.
Property Use Type: Net Leased Investment (NNN)
Building Name: Stallion Park Center
Usable Size (USF): 20,400 SF
Sale Terms: Cash to Seller
Cap Rate: 7.91%
Average Occupancy Rate: 80
Last Updated: 11/14/2017

Overview / Comments

This center just recently had its first vacancy in several years and has been continuously occupied for years and is across the street from a NEW SUPER WALMART and CVS Pharmacy. Average NOI for the last three years is $312,497.00. There is an additional $10,000 +/- annually from the billboard and ATM machine that is not included in the above NOI. Rents are currently well below market and has good upside potential based on the nearby competition. See attachments for rent roll; and other info. I can send NOI for 2015-2117 if interested. Demographics are excellent with a population of over 67,581 within a 3 mile radius and 130,658 within a 5mile radius. Household income is over $35,000 for 58% of the population. The center is close to Fort Hood with a total staff of over 97,553 military and civilians.

Additional Details

Nearest MSA: Killeen-Temple
County: Bell
Taxing Authority: Bellcad
Zoning: B-5
Retail Clientele: General, Business
Property Located Between: Hwy 195 and Clear Creek Road
Property Visibility: Excellent
Largest Nearby Street: Stan Schlueter Loop
Feet of Frontage: 400
Highway Access: Stan Schlueter Loop to Clear Creek to Interstate 14
Airports: Greater Killeen
Site Description: Great location across from NEW SUPER WALMART and CVS in fast growing southwest corridor of Killeen.
Area Description: High growth area close to Fort Hood and Killeen Airport.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 20,400 SF
Property Condition: Excellent
Year Built: 2008
Roof Type: Mansard
Construction/Siding: Brick
Exterior Description: Brick and Glass
Parking Type: Surface
Parking Description: Paved parking in front and back.
Total Parking Spaces: 120
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Sheetrock walls and carpet and tile floors
Zoning Description: B-5 Local Retail
Lot Frontage: 400'
Lot Depth: 302'
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Utility
Land Ownership: Fee Simpe
Legal Description: Lot 1, Block 1, Kemp Addition, consisting of 2.77 acres, Killeen, Bell County, TX

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,194 64,586 126,795
Median Age: 24.99 25.93 25.91
Households: 5,035 22,759 43,120
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