1512 5th Ave, Canyon, TX
NNN leases and scheduled rental increases for investors.
- Added:
- May 3, 2025
- Days on Market:
- 408
- Last Refresh:
- May 19 at 10:34 pm
Property Features for 1512 5th Ave
General Information
- Standard status
- Active
- Size
- 10,432 SF
- Lot size
- 0.39 Acres
- Property subtype
- RETAIL
Listing agent Tyler Isbell License #CA 01732226 (214) 560-3145
Listing office SRS Real Estate Partners - Corporate (214) 560-3145
Listing date May 3, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners - Corporate
HighLights
- Diverse tenant line‑up promoting crossover exposure.
- NNN leases limiting expense leakage.
- Scheduled rental increases during initial terms.
- Scheduled rental increases during option periods.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $214.1k | $20.52 |
| − Vacancy | −$12.2k | −$1.17 |
| EGI | $201.9k | $19.35 |
| − OpEx | −$60.6k | −$5.81 |
| NOI | $141.3k | $13.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Canyon
- County
- Randall
- State
- Texas
- Longitude
- -101.928
- Latitude
- 34.9785
