501 West Elms Road, Killeen, TX 76542

North Star Brokerage & Advisory is pleased to exclusively offer for sale the 14,900 SF retail center located at 501 W Elms Road in Killeen, TX.

The property is fully leased across 15 units, the property generates $132,017.45 in NOI, supported by varied lease structures—primarily NNN with a few modified leases—and partial condo ownership (Tejas).

Anchored by Alcohol & Drug Tests, Inc., Omni Business Systems, and Brain Builders Day Care, the center was built in 1985 with durable cinder block construction and features a metal roof approximately 20 years old, with multiple repairs and HVAC replacements completed over the past six years.

Situated on 1.51 acres with two access points and 80 parking spaces (5.37 ratio), the site offers strong visibility along Elms Road and a weighted average lease term of 1.55 years, making it a stable, income-generating asset in the growing Central Texas market.

Important: There is a 0.56 acre parcel directly adjacent to the main property that is available separately for $200,000. This is well-suited for expansion or a pad site development.

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.