Current Use by Public Records
- Kingsville Dental Center / Dental Office
- Vela Dental: Vela Rene DDS / Dental Office
- Dr. Amber Patel / Dental Office
Property Details for 1015 Henrietta Ave
- Year built
- 1970
- Lot size
- 0.80 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 10,158 square foot multi-tenant retail property in Kingsville, Texas, presents a compelling investment opportunity. Located at 1015 E Henrietta Ave, the property boasts a strong 93% occupancy rate and an attractive 8.80% cap rate. Built in 1970 and renovated in 2005, the single-building property sits on a 0.8-acre lot and features a modified lease structure with a mix of national and regional tenants. Key tenants include First Cash Pawn, a long-term occupant with over 26 years at this location, and Altius Healthcare Management, recently signing a 10-year lease. The property benefits from excellent visibility due to its prominent location and large pylon signage, attracting nearly 14,000 vehicles per day. Current base rents are $8.06 per square foot, offering potential for future value creation through rent increases. The asking price of $675,000 represents a price per square foot below current replacement costs, making this a particularly attractive investment in a resilient, service-oriented tenant mix. The property's strong tenant credit, long-term leases, and below-market rents contribute to its overall stability and potential for significant returns. This core investment opportunity is ideal for investors seeking a stable, high-yield retail asset in a growing Texas market.
Value Estimations
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kingsville
- County
- Kleberg
- State
- Texas
- Longitude
- -97.8555
- Latitude
- 27.5185
