Hillsboro Commons Hillsboro, TX

303-305 Coke Street
Hillsboro, TX

Price: $3,500,000
Cap Rate: 7.60%
NOI: $265,890
Building Size: Approx. 15,750 Sq. Ft.
Lot Size: Approx. 1.84 Acres
Type: Multi-Tenant / Retail
Year Built: 2009

Investment Overview

  • Below Market Rents – Weighted Average Base Rental Rate of Only $16.55/SF, While Commanding $20/SF Base Rent in ~20% of GLA
  • 100% of the Tenant Line-Up Has Occupied the Center Over 5 Years, 70% Over 10 Years, and 12%+ Has Occupied the Site for Over 15 Years
  • Features 8 Tenants With NNN Lease Structures
  • Presents an Opportunity to Acquire a Strong, Stabilized Shopping Center With a Favorable Mix of Retailers
  • Shadow-Anchored to Walmart, Who Benefits From Ample Traffic Counts and Caters Well to the Local Demographics
  • Priced Below Replacement Cost At $222/SF
  • The City of Hillsboro and Several Major Local Developers Have Strategic Plans to Stimulate Business Growth via Commercial Real Estate Construction

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