2500 E Central Texas Expy
Killeen, TX
Price:
$3625000
Cap Rate:
5.72%
NOI:
$207,634
Building Size:
Approx. 20275 Sq. Ft.
Lot Size:
Approx. 1.88 Acres
Type:
Single-Tenant / Retail
Sub Category:
Jr. Anchor
Year Built / Renovated:
1997 / 2015
Investment Overview
- 20,257+/- SF Building on 1.88+/- Acre Site | Renovated in 2015
- New 10-Year Net Lease w/ Rent Bumps Every 5-Years in Term & Options
- Located along E Central Texas Expy (83,000 VPD), just E of S WS Young Dr (11,000 VPD)
- Across Killen Mall (556,446 SF) | Near Walmart SC, Target, Lowe’s, Kohl’s, HEB, & OfficeMax
- Home to Fort Hood & is the largest single-site employer in Texas, directly inserting nearly $3 Billion Annually
- Major Employers: Killeen ISD (6,000 Empl), Central Texas College (1,360 Empl.), MetroPlex Hospital (1,300 Empl)
- 3-Mile Radius: 2015 Estimated Population: 97,571 l 3-Mile Average Household Income: $52,741
- Killeen is located 1-Hour N of Austin & is ranked as “The Best Small Cities for jobs” – Forbes Magazine
- Killeen – Temple – Fort Hood (MSA) | 9th best performing MSA in Texas – Milken Institute