309 S Bosque St Whitney, TX 76692

This 13,362-square-foot multi-tenant retail center in Whitney, Texas, presents a compelling value-add opportunity. Currently 62% occupied, the property is anchored by a long-term Family Dollar tenant (62% of gross leasable area) with a lease including six, five-year renewal options featuring 10% rent escalations. This provides significant upside potential, particularly given the 5,040-square-foot vacancy. The asking price of $850,000 equates to $63.61 per square foot, well below replacement cost. Strategically located on South Bosque Street, the center benefits from high traffic counts (approximately 6,279 vehicles per day) and multiple access points. The 1.38-acre lot offers ample parking. The property's proximity to schools and Lake Whitney State Park enhances its appeal. Strong demographics further support this investment, with average household incomes exceeding $70,000 within a three-mile radius. The property's current NOI is $59,460, with a pro-forma NOI of $113,199, reflecting a 7% cap rate and a pro-forma cap rate of 13.32%. Built in 1980, this center offers a chance to capitalize on a strong location and a tenant with a proven track record. The property is a NNN lease with two units.