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Plum Creek Plaza | 100% Leased Retail Center

$3,297,112

1710 S Colorado St (US Hwy 183 South), Lockhart, TX 78644

Active
Last Updated: 09/15/2021

7.65

Cap Rate

252,229

NOI

Details:
Cap Rate:    7.65%
NOI:    $252,229
Building Size:    25,412 sqft
Lot Area:    3.2318 acres
Lease Type:    Triple Net
Year Built:    1986
Price Per Sqft:    $129.75
Parking Spots:    134
Highlights:
  • Excellent Location
  • High Visibility
  • Value Add Opportunity
  • Pad Site Available to be Sold/Developed for Additional Income
  • Excellent Tenant Mix - 67% National Brand Tenancy
  • High Trafficked Area 16,998 vpd
Description:

Sell or develop existing pad priced at $392,000.00. Allows opportunity to reposition tenants and/or redevelop shopping center. Notable national retailers in the immediate trade area include Walmart Supercenter, HEB & Walgreens. Stable in place income with a weighted average remaining lease term of 3 years. Strong development fundamentals with five (5) access points from US Hwy 183.

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Offering Memorandum
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