409-781-7734
2419 Palermo Pky, Temple, TX for Sale
Storefront - FOR SALE
1/15
null | Request Cap Rate

2419 Palermo Pky
Temple, TX 76502


HIGHLIGHTS

  • Anchored by a ten (10) year NNN lease with Leon River Endodontics.
  • NNN Lease structure allows for minimal Landlord oversight and management responsibility.
  • Opportunity to increase income through lease up of final vacancy, currently 82% occupied.
  • Great opportunity to develop Phase 2 on the remaining2.5 acres of land to add an additional 19,000 SF of building space.
  • Phase 2 development plans have been approved, and are available upon request.
  • Exposure to over 16,000 VPD on South 31 Street and over 18,000 VPD on FM 93.

OVERVIEW

OLDHAM GOODWIN is pleased to present Piazza Luna, a premier investment opportunity located in Temple, Texas. This 6,475 SF Class A business park features three well established tenants under NNN lease agreements, along with the opportunity to develop six additional buildings. The tenant roster includes Integrity Rehab office alongside Dr. Scott Thayer’s Leon River Endodontics, and Vivo Infusions - each providing essential healthcare services and contributing to a reliable income stream. This is a great opportunity acquire an ongoing project, with future upside through the development of Phase 2 on the remaining 2.5 acres of land, with plans are approved to add an additional 19,000 square feet of building space.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Piazza Luna

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

2.79 AC

LAND SF

121,532 SF

ZONING

GR

APN/PARCEL ID

488744

ASK ABOUT THIS PROPERTY

Clint OldhamOldham Goodwin Group, LLC.More Info
409-781-7734

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Clint OldhamOldham Goodwin Group, LLC.More Info
409-781-7734

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.