The Shops At Northpark I

Highlights:

• 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

Description:

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

Signalized corner

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