Canyon, TX - 4-Tenant Strip
$2,609,000
1512 5th Avenue, Canyon, TX 79015
7
Cap Rate
182,651
NOI
Details:
Description:
• The asset features a diverse tenant line-up, promoting crossover exposure to the site
• All tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor
• The leases include scheduled rental increases during the initial terms and option periods
• The subject property is located less than 1 mile from West Texas A&M University, which has over 7,300 enrolled students
• Located near the signalized intersection of State Highway 217 and 15th Street, which combine to average over 18,800 vehicles passing by daily
• The site is located in the center of a primary retail corridor that features national/credit tenants such as United Supermarkets, McDonald’s, Whataburger, Anytime Fitness, Take 5 Oil Change, and AutoZone
• Strong tenant synergy promotes crossover shopping to the subject property
Location

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