Current Use by Public Records
- Lifestyle centers
Property Details for 6401 Tx-317
- Lot size
- 0.99 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Live Oak Square, a 9,650 square foot shopping center in Temple, Texas, presents a compelling investment opportunity. This 100% occupied, multi-tenant property boasts a strong net operating income (NOI) of $143,248, yielding a 7.20% cap rate. The asking price is $1,990,000, and the sale includes a seller leaseback for a remaining term of 3 years under a Net Net (NN) lease. Strategically located on TX-317, the property benefits from high visibility with approximately 22,950 vehicles passing daily. The 0.99-acre lot is zoned GR, and the property is ideally situated within a 3-mile radius of over 2,200 residential units. This retail investment offers a stable income stream with significant upside potential, given the property's prime location and high occupancy rate. The strong demographics of Temple, Texas, further enhance the long-term value of this asset. The property's location provides convenient access to a thriving community, benefiting from the economic activity and population growth in the area. This is an exceptional opportunity for investors seeking a stable, high-performing retail investment in a growing Texas market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Temple
- County
- Bell
- State
- Texas
- Longitude
- -97.4463
- Latitude
- 31.1144
