320 Main St Crowley, TX 76036-2611

This exceptional investment opportunity presents a fully leased, 45,146-square-foot shopping center in Crowley, Texas. The property boasts a 7.00% cap rate and is anchored by two tenants: House of Air Indoor Trampoline Park and Dill Dinkers Pickleball. Dill Dinkers recently signed a new 10-year lease, providing long-term stability. Both leases are triple-net (NNN) and include personal guarantees, minimizing landlord risk. Built in 1986, the single-building property sits on a 3.65-acre lot with ample parking. The roof and HVAC systems have been recently replaced, reducing future capital expenditure needs. The property enjoys a prime location at the southwest corner of Main Street and Crowley Road, benefiting from high daily traffic counts exceeding 24,790 vehicles. Its strategic position near Crowley High School (enrollment 2,351 students) and numerous national retailers (including Planet Fitness, McDonald's, Walmart, and Kroger) ensures consistent foot traffic and strong tenant demand. The city of Crowley itself shows robust demographics, with high retail occupancy rates (averaging 96%) and competitive rents, creating a favorable investment climate. Recent city improvements, including a $5.5 million streetscaping project, further enhance the property's appeal and surrounding area. The asking price is $6,635,500, representing a price per square foot of $146.98, considered below replacement cost. The property's strong tenant mix, favorable lease terms, and prime location make it an attractive investment for discerning buyers. The Net Operating Income (NOI) is $454,485.