The Village at Clear Creek — Sale in Killeen, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Killeen, TX 76549

Photos

The Village at Clear Creek — Sale in Killeen, TX, photo 1 of 2
The Village at Clear Creek — Sale in Killeen, TX, photo 2 of 2

Investment Figures

Cap rate
8.11%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire a 40,726-square-foot, multi-tenant retail center that is located in a dense retail trade corridor of Killeen, Texas. The tenant base is a complementary mix of internet-resistant, service-oriented businesses, including Tactical Rehabilitation, University of Maryland, Coldwell Banker, & Nailcure. All of the retail stores are on triple-net leases, and a majority are national tenants. There are 17 2-bedroom, one 1-bedroom, and one 3-bedroom apartment suites on the second level above the retail stores. The center was constructed in 2015 and is situated on 2.66 acres with ample paved parking on all four sides. A large double-sided monument sign is positioned at the front entrance. The subject property is located on Clear Creek Road with excellent visibility. The Village at Clear Creek is accessible from multiple ingress and egress points and benefits from high traffic counts off of Interstate 14 with over 96,303 vehicles per day. The center is shadow- anchored by Walmart Neighborhood Market, and numerous other national and regional retailers are in the surrounding area, including Family Dollar, McDonald's, AutoZone, Burger King, Starbucks, and Jersey Mike's. The Village at Clear Creek is located across from AdventHealth Medical Center. The hospital employs over 1,200 people and is part of the 10th-largest hospital system in the country. New developments in the area include Anthem Park, a 203-acre, mixed-use area just eight miles from the subject property. It will feature retail and entertainment, residential areas, and offices spaces. Located in the Temple-Killeen metro, Killeen is the largest city in the metro with nearly 160,000 residents. The metro encompasses Bell, Lampasas and Coryell counties and is projected to grow at a rate more than four times the national average, adding roughly 24,000 new residents over the next five years. Fort Hood is one of the nation's most notable military bases and is lo

Market Context

This mixed use in Killeen, TX is listed for sale. It is offered at an approximate 8.1% capitalization rate, a key benchmark for income-producing mixed use assets. Compare it against other mixed use listings for sale in Killeen, TX — view the full market.

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