Pecan Plaza
Nolanville, TX
Building
Summary
- Sales Price: Contact Broker
- Cap Rate: 7.50%
- Occupancy: 82% Occupancy
Investment Overview
OLDHAM GOODWIN is pleased to present Pecan Plaza in Nolanville (Harker Heights), Texas for your consideration. This 8,800 SF multi-tenant strip center is situated on the I-14 frontage road, offering excellent visibility and exposure to over 65,000 cars per day. Pecan Plaza, built in 2021, is leased to a diverse mix of successful local tenants. The property has tremendous future upside potential, with below market rents in the $17.40/SF to $24.00/SF range. The property is being offered at a significant discount to its replacement cost, at only $278.41/SF. With staggered lease expirations of 2.5 years to 10 years, NNN lease structure, and future upside, Pecan Plaza is a unique investment opportunity in the Temple/Belton/Killeen MSA.
Property Highlights
Diverse and successful local tenant mix, with modest rents.
NNN Lease structure allows for minimal Landlord oversight and management responsibility.
Staggered lease expirations from 2.5 Years to 10 Years remaining on primary terms.
Unique two building design, with drive through or take out window on all four end caps.
Below market rents, ranging from $17.40/SF to $24.00/SF offer future upside through rent growth.
Highly visibility property with frontage on Interstate 14, also known as the Central Texas Expressway.
Situated at the Exit Ramp to Nolanville, offering ease of access.
Exposure to over 67,000 vehicles per day on I-14.
Brokerage Services
Clinton D. Oldham, SIOR
Managing Director | Investment Sales
Oldham Goodwin
Derek Tanksley
Associate | Brokerage Services
Oldham Goodwin
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