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    1702 Central Texas Expy Lampasas, TX 76550

    For Sale
    $3,000,000

    High-Yield Retail Portfolio in Texas

    Property size:
    70,410 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 70,410 square foot retail property in Lampasas, Texas, presents a compelling investment opportunity. Located at 1702 Central Texas Expy, 76550, this single-story, 2021-built center boasts a prime location adjacent to Walmart, ensuring high visibility and foot traffic. Currently 75% occupied, the property features a diverse tenant mix including T-Mobile, Golden Chick, and other businesses, offering a strong, e-commerce-resistant lineup. The property includes 89 parking spaces and sits on a 2.1-acre lot. The Net Lease (NNN) structure minimizes landlord responsibilities, while the fee simple ownership provides complete control. The current Net Operating Income (NOI) stands at $172,563, yielding a 5.75% cap rate with an asking price of $3,000,000 ($42.61/sq ft). The property features scheduled rent increases for all tenants, providing a hedge against inflation and significant upside potential. This value-add opportunity allows for increased NOI through leasing up the remaining vacancy. T-Mobile's lease includes a 10% rental increase every five years, while other tenants have annual increases. The property's strong tenant lineup, strategic location, and built-in rent growth make it an attractive investment for those seeking stable cash flow and long-term appreciation. The property is zoned for retail use (R: Retail) and has a land value of $335 per square foot. This is a multi-tenant property with four units in total.

    Property Features for 1702 Central Texas Expy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    70,410 SF
    Lot Size
    91,476 SF

    Building Details

    Year Built
    2021
    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • $3,000,000 asking price for a 70,410 SF retail property in Lampasas, TX.
    • Value‑add opportunity with 75% occupancy and potential for lease‑up.
    • Scheduled rent increases provide NOI growth and inflation hedge.
    • Strong tenant lineup (T‑Mobile, Golden Chick, and one other) featuring e‑commerce resistant businesses.
    • NNN leases minimize landlord responsibilities, offering low management.
    • Fee simple ownership provides complete control.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Happy Panda Wok ... Chinese Restaurant Happy Panda Chinese ... Chinese Restaurant Golden Chick Fast Food Restaurant T-Mobile Internet Service Provider Pizza Werx Pizza Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lampasas
    County
    Lampasas
    State
    Texas
    Longitude
    -98.1611908
    Latitude
    31.063642

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    FAQs

    What type of property is this?
    Lifestyle center - High-Yield Retail Portfolio in Texas
    Where is this lifestyle center located?
    The property is located at 1702 Central Texas Expy Lampasas, TX.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: $3,000,000 asking price for a 70,410 SF retail property in Lampasas, TX.; Value-add opportunity with 75% occupancy and potential for lease-up.; Scheduled rent increases provide NOI growth and inflation hedge.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1702 Central Texas Expy Lampasas, TX 76550
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