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.
Bird Dogs: we encourage Bird Dogs to work on our listings; however, we asked that any Bird Dogs be sure that their buyer has reviewed the marketing materials prior to contacting an agent and scheduling a meeting. We get so many calls from Bird Dogs asking about creative financing structures. Everything a buyer needs to know about our listings and seller preferences can be found in the marketing materials or the deal room. Serious buyers are encouraged to schedule one-on-one meetings with the brokerage team. Please be sure to have proof of funds accessible by this meeting date.
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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