3210 Central Texas Expy Killeen, TX 76543
- Lifestyle centers
- 29,601 SF
- 3.31 lot acres
Current Use by Public Records
- Cycle Gear / Outdoor Sports Store / Parking Lot For Motorcycles
- Navy Federal Credit Union / Credit Union / Atm
- Miracle-Ear Hearing Aid Center / Audiologist / Hearing Aid Store
Property Details for 3210 Central Texas Expy
- Year built
- 2001
- Lot size
- 3.31 lot acres
- Property size
- 29,601 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a stabilized retail center totaling 29,601 square feet, strategically located at 3210 E Central Texas Expy in Killeen, Texas, zip code 76543. The property, built in 2001, comprises three single-story buildings situated on a 3.308-acre lot. Currently boasting a 95.2% occupancy rate and a 6.00% cap rate, this multi-tenant property offers a diverse mix of retail shops, professional, and medical offices. The investment features a valuable income-producing hi-rise billboard under a ground lease, adding to the overall return. A large monument sign ensures excellent visibility along the main highway, maximizing exposure for tenants. The property benefits from a NNN lease structure, minimizing landlord responsibilities to roof maintenance, parking lot upkeep, and common area maintenance. This prime location in Killeen, the principal city of the Killeen-Temple-Fort Hood metropolitan area, is surrounded by other thriving retail centers, ensuring consistent foot traffic and strong tenant demand. This is a rare opportunity to acquire a well-established, high-performing retail asset in a rapidly growing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Killeen
- County
- Bell
- State
- Texas
- Longitude
- -97.7107
- Latitude
- 31.0852
