18500 W Interstate 40 - Supermarket FOR SALE
Bushland, TX 79124 |
$1,125,000 USD
737-205-2056
18500 W Interstate 40
Bushland, TX 79124
HIGHLIGHTS
- Bushland Plaza is a True Value-Add Shopping Center, Currently 65% Occupied
- The Building Was Newly Constructed in 2020 - Anchored By Anytime Fitness
- Value-Add Lease Up - Opportunity to Increase Net Operating Income $83,285 By Leasing the 2 Vacant Suites
- Bushland Plaza is Listed at a 7.20% CAP on Actual Income and Expenses, Proforma 14.60% CAP By Filling the Vacancy
- Excellent Yield Opportunity: By Adding Professional Management and Leasing, Investors Will Generate Over 20% IRR in 2 Years
- Excellent Exposure on I-40 (Rt - 66) Offering 21,246 VPD on the Primary East/West Route Connecting Oklahoma City, OK to Albuquerque, NM
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 9,000 SF Bushland Shopping Center Located at 18746 West Interstate Highway 40 in Bushland, TX. This Deal Includes an Opportunity to Increase NOI By Filling Vacancy and Passing Through NNN, and It is Valued at a 7.20% CAP on Actuals, Proforma CAP is 14.6%, With a 2 Year IRR of Over 24%, Providing Significant Upside For the Investor.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
FOR SALE DETAILS
PRICE
$1,125,000 USD
PRICE/SF
$125 USD /SF
CAP RATE
7.2%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Bushland Shopping Center - Bushland, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
ADD'L SUBTYPES
Storefront, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
31
LAND DETAILS
LAND ACRES
3.72 AC
LAND SF
162,170 SF
ZONING
-
APN/PARCEL ID
R-065-1350-8165-0
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
737-205-2056
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
737-205-2056
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
