Current Use by Public Records
- Retail properties & Spaces
Property Details for 2020 I-35
- Year built
- 1949
- Lot size
- 1.04 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional 12,900 square foot retail property, located at 2020 I-35 in Belton, Texas (zip code 76513), presents a prime redevelopment opportunity. Currently configured as a multi-tenant QSR/Fast Food facility with seven tenants, the property boasts 100% occupancy and a strong NOI of $65,964. The asking price is $1,750,000, representing a 3.77% cap rate. Situated on a 1.035-acre lot, the property features two single-story buildings, built in 1949 and renovated in 2023, offering 8 ground-level bays and 40 parking spaces. The property benefits from high visibility and accessibility with two curb cuts on I-35 and a pull-through access to Wall Street. The average family income within 5 miles is $89,440, and the location experiences high traffic volume of 97,577 vehicles daily on I-35, near the junction of I-14 and I-35. The property is zoned for commercial use and is ideal for a drive-thru, drive-through restaurant, or quick-service restaurant. The current lease is a gross lease with a remaining term of one year. This is a net lease investment opportunity. The property's APN is 148862 485227 501677 209277.
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
- Belton
- County
- Bell
- State
- Texas
- Longitude
- -97.4706
- Latitude
- 31.037
