WS Young Retail Plaza
Retail & Professional Office Complex - Killeen, TX
Marketing description
North Star Brokerage & Advisory is pleased to exclusively offer for sale the 54,900 SF WS Young Plaza located at 2201 South WS Young Drive in Killeen, TX. The property is 97.92% leased, providing stable income with minimal vacancy and upside potential through lease rollover.
Anchored by Baylor Scott & White and a mix of other local and regional retailers, the center features varied lease structures—primarily NNN—and generates $688,250.95 in NOI and is offered at a 7.87% cap rate.
Built with concrete and brick construction and recently upgraded with TPO roofing and HVAC replacements, it is a low-maintenance investment opportunity in a high-traffic corridor with strong regional growth.
Comparable properties in the immediate area have rental rates ranging from $16-$22/RSF: https://www.crexi.com/properties/1639456/texas-fox-center?recommId=15a58c59b72d4b2bfa649e9dc738678b
HOW TO PARTICIPATE
● Inquiries should be made by contacting Landan Dory at Landan@NSTARBA.COM
● DO NOT show up to the property unannounced.
● DO NOT speak to staff, customers, or tenants without written consent from Broker.
● All offers must be submitted in a Letter of Intent format with proof of funds and/or letter from a lender.
● Please contact agent to access diligence vault.
Notice to Subto and Creative Finance Communities
To all new members of the Pace Morby “Creative Finance” and “Subto” communities, we appreciate your enthusiasm and interest.
Please note that we work exclusively with verified buyers (and their brokers). To protect our sellers, we do not release proprietary information to intermediaries, scouts, “bird dogs,” or any third parties.
All buyers must contact us directly, complete registration, and sign a Confidentiality Agreement before receiving any property details. Proof of funds may be requested from all interested parties.
Investment highlights
- 97.92% leased retail center with stable income and upside through lease rollover 54,900 SF across 48 units, anchored by Wong’s Restaurant and Baylor Scott & White
- Base rents are +/- $13/RSF. Comparable properties in the market rent for $16-$22/RSF providing upside in rents through rental increases.
- Subject property is being offered at $159 PSF whereas comparable properties in the market consistently sell for $200 - $300 PSF meaning the basis in this property is lower than comparable properties.
- Generates $688,250.95 in NOI. Offered at a 7.87% cap rate with varied lease structures (mostly NNN).
- Built in 1985 with concrete and brick construction; recent TPO roof and HVAC upgrades
- Located on 4.41 acres with 12 access points and 230 parking spaces (4.19 ratio)
- Positioned in a high-traffic corridor within the growing Central Texas market
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