717 S 14th St - Storefront FOR SALE


Kingsville, TX 78363
$1,995,000 USD
713-459-1333
717 S 14th St, Kingsville, TX for Sale
$1,995,000 USD
Storefront - FOR SALE
1/9
null | 7.31% Cap Rate

717 S 14th St
Kingsville, TX 78363


HIGHLIGHTS

  • Prime Retail Corridor Location: Situated on a high-traffic thoroughfare with consistent daily vehicle counts and strong local consumer activity
  • Stable Tenant Base: The center is designed to accommodate a mix of service-oriented and necessity retail tenants that drive repeat local traffic.
  • Value-Add Potential: Opportunities exist to increase NOI
  • Favorable Market Dynamics: Kingsville serves as a regional hub for surrounding rural communities, supporting sustained retail demand.
  • Accessible Price Point: Compared to major Texas metros, this property offers investors higher yield potential.

OVERVIEW

Marcus & Millichap is pleased to exclusively list for sale Cactus Center, located at 717 South 14th Street and 907 East Johnston Avenue. This property is comprised of two multi-tenant retail buildings totaling 17,400 square feet. Additionally, there is approximately 23,440 square feet of vacant land behind the northernmost building. Cactus Center is 77 percent occupied with a stabilized tenant base. All tenants are triple-net, protecting an investor from any increase in operating expenses. Cactus Center is offered at a price of $1,995,000 ($115/SF) which represents a day one cap rate of 7.31 percent. If an investor leases the two vacant units, the pro forma cap rate is 10.89 percent. Strategically positioned along South 14th Street, one of Kingsville’s primary commercial corridors, this neighborhood retail shopping center presents a compelling value-add and income-producing investment opportunity in a stable South Texas market. The property benefits from strong visibility, convenient ingress/egress, and proximity to established residential neighborhoods, schools, and key demand drivers including Texas A&M University–Kingsville.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$215 USD /SF

CAP RATE

7.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cactus Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,430 SF

ZONING

-

APN/PARCEL ID

15654

ASK ABOUT THIS PROPERTY

Gus LagosMarcus & MillichapMore Info
713-459-1333

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Gus LagosMarcus & MillichapMore Info
713-459-1333

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