Temple, TX - West Adams Retail Strip
$3,415,000
5414 West Adams Avenue, Temple, TX 76502
7
Cap Rate
239,028
NOI
Details:
Description:
• The property is a 100% occupied 3-tenant building with a good mix of medical and food concept tenants
• The building was built in 2019 featuring modern design and high quality material
• Tenants are all operating on site since 2020 and have two 5-years options to extend, demonstrating their commitment to the site
• All leases are NNN and covers repairs, maintenance, HVAC and utilities, leaving minimum landlord responsibility to only roof and structure
• The subject property is strategically located on a busy thoroughfare serving the city of Temple, and enjoys a significant street-front on West Adams Ave with over 31,000 vehicles pass by per day
• A huge pylon sign attracting customers
• Strategically located off the loop headed towards the Baylor Scott and White Facilities and New Walmart Supercenter
• H-E-B owns the property directly across the street with a plan to develop a new grocery store
• Nearby National/Credit tenants attracts customers to the direct trade area and strong tenant synergy promotes crossover shopping to the subject property
• The site is a quick has a quick access to on/off ramp to State Highway 363 (46,000 VPD), which leads to Interstate 35 (133,600) within a quick drive
Location

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