2600 Trimmier Rd - Storefront FOR SALE


Killeen, TX 76542- Killeen/Fort Cavazos
$7,273,413 USD
214-545-6941
2600 Trimmier Rd, Killeen, TX for Sale
$7,273,413 USD
Storefront - FOR SALE
1/5
null | 6.3% Cap Rate

2600 Trimmier Rd
Killeen, TX 76542
Killeen/Fort Cavazos


HIGHLIGHTS

  • Highly Visible & Well Positioned Asset: Located across from HEB (2.4M annual visits) and close proximity to Walmart
  • Tenant Roster: Multiple national tenants such as Starbucks, Sport Clips, GameStop, and Firehouse Subs
  • Well Maintained Asset
  • Superior Accessibility and Exceptional Ingress/Egress: Located just off of Highway 190 on the corner of Trimmier & Lowes Blvd.
  • Asset Desirability: Asset desired by tenants as evidenced by the Starbucks recent Starbucks renewal
  • Strong Cash Flow With Upside Potential: 100% occupied with rent in the low $20 PSF

OVERVIEW

Starbucks Plaza (the "Property") consists of two, multi-tenant retail buildings totaling 17,125 square foot, located in Killeen, TX. The property is two separate buildings, Building One totals 13,125 sf and Building Two is approximately 4,000 sf. Built in 2004, the property has been well maintained and has no visible deferred maintenance. The property is situated on the hard corner of Trimmier & Lowes Blvd directly across the street from HEB which sees over 2.3 million customers annually. The property has optimal frontage with over 325 feet on Lowes Blvd and 300 feet on Trimmier Road. The overall retail area is very highly trafficked, seeing over 15.8M visitors annually. Within 5 miles of the property there are 192,000 people and the population is rapidly growing. At 100% occupancy, Starbucks Plaza offers stable cash flow. Starbucks Plaza is anchored by notable national tenants such as Starbucks (ranked #1 for Visits/SF in Killen per Placer.ai), Sport Clips, GameStop, and Firehouse Subs. The asset continues to show strong viability by the recent renewal of Starbucks. Lease expirations are scattered from 2024 to 2029 with a WALT of 4.13 years. Multiple of the tenants have been in their space for over 15 years suggesting a high renewal probability. Due to the prime location, national tenants, and below market rents, Starbucks Plaza is a desirable opportunity for a new investor.

FOR SALE DETAILS

PRICE

$7,273,413 USD

PRICE/SF

$425 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

2.33 AC

LAND SF

101,495 SF

ZONING

Commercial

APN/PARCEL ID

196731

ASK ABOUT THIS PROPERTY

Claire SchmeltekopfEDGE Realty Capital MarketsMore Info
214-545-6941

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Claire SchmeltekopfEDGE Realty Capital MarketsMore Info
214-545-6941

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