3366-3398 N 1st St - Storefront FOR SALE


Abilene, TX 79603- Westwood Richland
$2,025,907 USD
972-839-0590
3366-3398 N 1st St, Abilene, TX for Sale
$2,025,907 USD
Storefront - FOR SALE
1/6
null | 7.5% Cap Rate

3366-3398 N 1st St
Abilene, TX 79603
Westwood Richland


OVERVIEW

Value-add neighborhood shopping center in North Abilene 17,570 SF retail center with immediate upside potential Approximately 69.4% occupied with stable in-place cash flow 3,588 SF available for lease-up and NOI growth Projected 9.8% pro forma cap rate upon stabilization NNN lease structure with tenant reimbursement of operating expenses Extensive recent capital improvements including Class A-style façade, parking lot upgrades, LED lighting, and exterior enhancements Incoming restaurant tenant completing build-out, expected to open soon Excellent visibility along N. 1st Street with convenient access to Interstate 20 Located within an established retail corridor surrounded by national and regional retailers Strong regional economy supported by healthcare, education, military, and technology employment Positioned to benefit from the multi-billion-dollar OpenAI "Stargate" AI Data Center investment in Abilene Ideal opportunity for private investors, family offices, and 1031 exchange buyers seeking current income with value-add upside North Abilene Retail Corridor Primary Trade Corridor: N. 1st Street is one of Abilene's established commercial corridors. Direct access to I-20. Serves residents north of downtown plus interstate travelers. Nearby Demand Drivers: Hendrick Medical Center Abilene High School Texas Tech Health Sciences Center Abilene Christian University Dyess AFB commuters Downtown employment Retail Synergy Nearby retailers: 7-Eleven Dollar General Harbor Freight O'Reilly United Supermarkets Sonic CVS Walgreens H-E-B McDonald's Transportation Highlight: I-20 access US 83/84 Highway 277 Regional airport Consumer Draw The center serves: Daily commuters Healthcare employees Students Neighborhood residents Service businesses Regional visitors

FOR SALE DETAILS

PRICE

$2,025,907 USD

PRICE/SF

$50 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Shops At Northpark - NNN Investment Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

N. First & Willis

LAND ACRES

2.71 AC

LAND SF

118,048 SF

ZONING

-

APN/PARCEL ID

65685

ASK ABOUT THIS PROPERTY

Eliud Sangabriel, CCIMSVN | Trinity AdvisorsMore Info
972-839-0590

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Eliud Sangabriel, CCIMSVN | Trinity AdvisorsMore Info
972-839-0590

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