Killeen, TX - Goodman Distribution

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, Goodman Distribution investment property located in Killeen, Texas. The tenant, Daikin Company Technologies Distribution, Inc d/b/a Goodman Distribution has over 9 years remaining on their initial lease with 2 (7-year) options to extend, demonstrating their commitment to the site. The lease features annual 2% rental increases throughout the initial term and fair market value increases throughout the option periods, steadily growing NOI and hedging against inflation. The lease is NNN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

The Goodman Distribution is located along Elms Rd which averages 12,600 vehicles passing by daily and is a retail thoroughfare serving the city of Killeen. The site
is positioned just south of Interstate 14 (77,300 VPD), a major east/west traveling thoroughfare providing exceptional accessibility for customers and distribution. Additionally, the 45,228 SF development which spans across 4.30 acres was recently completed in 2025, and features a modern design, state-of-the-art amenities, creative office space, warehouse space, heavy power, and ample parking. Furthermore, the surrounding trade area includes numerous automotive, building supply, industrial service, and contractor-focused users, reinforcing the property’s suitability for industrial distribution operations. The property is in the center of a primary retail corridor and benefits from proximity to numerous national retailers including a Walmart Supercenter, Lowe’s, H-E-B, Home Depot, Best Buy, Ross, TJ Maxx, Burlington, Academy Sports, PetSmart, Starbucks, McDonald’s, Chick-fil-A, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 180,400 with an average household income of $79,594.

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Listing ID: a28TP00000390K3YAI