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Canyon, TX - 4-Tenant Strip

$2,609,000

1512 5th Avenue, Canyon, TX 79015

Active
Last Updated: 03/25/2025

7

Cap Rate

182,651

NOI

Details:
Cap Rate:    7%
NOI:    $182,651
Building Size:    10,432 sqft
Lot Area:    0.39 acres
Year Built:    2016
Zoning:    RC3
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

Map:
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