Current Use by Public Records
- CEFCO Travel Center / Parking Lot & Garage / Gas Station
- Cefco 98 / Gas Station
- Western Union / Bank / Credit Union
- Little Caesars Pizza / Restaurant
- Bells / Clothing Store
Property Details for 1011 Us Highway 271
- Year built
- 1974
- Lot size
- 3.38 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 43,030 square foot shopping center, located at 1011 US Hwy 271 N in Gilmer, Texas, presents a compelling investment opportunity. Built in 1974 and renovated in 2000, the property sits on a 3.375-acre lot and boasts a strong tenant roster including two national and one regional credit tenants. The center's prime Main Street location ensures high visibility and accessibility. With a current Net Operating Income (NOI) of $161,054 and an attractive 8.05% capitalization rate, this asset offers a significant return on investment. The asking price is $2,000,000. This well-maintained property is considered below replacement cost, making it an even more attractive proposition. Its straightforward management structure and excellent 1031 exchange potential further enhance its appeal to discerning investors seeking a stable and profitable addition to their portfolio. The property is situated in Upshur County, Texas, zip code 75644. This is a rare opportunity to acquire a well-positioned, income-producing retail center in a thriving Texas market.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gilmer
- County
- Upshur
- State
- Texas
- Longitude
- -94.9424
- Latitude
- 32.7441
