Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Pecan Bayou Retail Center, a NNN leased freestanding, recently constructed, 100% leased retail center located in Brownwood, TX. The offering features a strong food and service-based tenant lineup of WingStop, Security Finance, Brownwood Nail Lounge, and Great Clips. All tenants operate under leases that are NNN in nature, limiting expense leakage for a future investor. Tenants are recently signed, committing to a weighted average lease over 5 years, with scheduled rental increases during their initial term and extension options, steadily growing NOI, and hedging against inflation.

Pecan Bayou is strategically located along U.S. Highway 377, a main commuter thoroughfare and retail corridor in the city of Brownwood, with an average of 24,900 vehicles passing by daily. The asset is ideally situated near a Home Depot, a Walmart Supercenter, and multiple shopping centers and Malls, significantly increasing consumer draw to the immediate trade area and promoting crossover store exposure for the property. The 5-mile trade area is supported by 24,600 residents and 15,300 daytime employees with an average household income of $70,350.

---