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Strip Center with Scheduled Increases
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1702 Central Texas Expy, Lampasas, TX 76550

Multi-tenant retail property featuring contractual rent increases among several named occupants.

Property SizeContact for details
Days on Market143

Property Features for 1702 Central Texas Expy

General Information

Standard status Active
Property subtype Retail, Mixed Use
Occupancy 75%

Building Details

Tenancy Multi
Listing Agency: Retail Investment Group LLC
Listed By: John Toben · License #AZ SA653272000
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 5:18PM

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 Retail Investment Group LLC

Investment Insights

Based on property information with market context.

This strip center at 1702 Central Texas Expy in Lampasas is occupied at 75% and includes T-Mobile, Quan Den Palace, and Golden Chick among its tenants. The existing occupancy provides a clear snapshot of the current tenant mix, while the property also includes remaining vacancy.

Lease economics include scheduled increases for the named occupants. T-Mobile is subject to a 10% rental increase every 5 years, while Quan Den Palace and Golden Chick each have 2% annual rental increases. These contractual terms provide defined changes to rental income over time.

Key Highlights

  • 75% occupied strip center at 1702 Central Texas Expy, Lampasas, TX 76550
  • Tenant lineup includes T‑Mobile, Quan Den Palace, and Golden Chick
  • T‑Mobile lease includes 10% rental increases every 5 years

Property Analytics

Current Use

Happy Panda Wok ... Restaurant Happy Panda Chinese ... Restaurant Golden Chick Restaurant T-Mobile Telecommunications Service Pizza Werx Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Parking Lot & Garage HVAC Service Big Box & Wholesale Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

75%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

154
Businesses Nearby

Demographics for 76550, TX

12,840
Population
6,129
Households
2.1
Avg Household Size
44
Median Age
22%
College-Educated
90%
High-School Grad
541.5 sq mi
ZIP Area
24
Density / Sq Mi
$73,697
Median Household Income
$34,970
Median Earnings
$902
Median Rent
$237,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - Multi-tenant retail property featuring contractual rent increases among several named occupants.
Where is this strip mall located?
The property is located at 1702 Central Texas Expy Lampasas, TX.
What are key features of this property?
This property features: 75% occupied strip center at 1702 Central Texas Expy, Lampasas, TX 76550; Tenant lineup includes T‑Mobile, Quan Den Palace, and Golden Chick; T‑Mobile lease includes 10% rental increases every 5 years
More about this property
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