Listed by Fisher James Capital
$16,769,000
Killeen Marketplace
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 80,615
Units 11
Cap Rate 7.5%
NOI $1,257,640
Occupancy 100%
Tenancy Multi
Brand/Tenant Northern Tool + Equipment, Boot Barn
Rent Bumps Yes
Price per SqFt $208
Broker Co-Op Yes
Year Built 2000, 2006
Buildings 2
Stories 1
Acreage 148.000
Investment Type Net Lease
100% Leased Shopping Center | 7.50% CAP Rate | Killeen, TX
Marketing description
Our team is now offering a 100% leased shopping center anchored by Northern Tool + Equipment and Boot Barn, strategically located in the heart of Killeen’s dominant retail corridor. Positioned just off I‑14/US‑190 (83,000 ADT) and directly across from Killeen Mall, the property is surrounded by top national anchors and major demand drivers.
This is a rare opportunity to acquire a stabilized income-producing asset in a high-growth Texas market, priced below replacement cost at just $208 PSF.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
Investment highlights
- 100% Leased Shopping Center: Anchored by Northern Tool + Equipment and Boot Barn
- Premier Retail Location: Situated just off I‑14/US‑190 (83,000 ADT) in Killeen’s primary commercial hub
- Strong National Retail Presence: Adjacent to Walmart (Top 3% nationwide) with nearby Lowe’s, Hobby Lobby, and Kohl’s
- Across from Killeen Mall: ±554,000 SF regional mall with 80+ stores and strong annual foot traffic
- 5 Miles to Fort Hood: Home to 70,000+ military and civilian personnel with $39B+ in annual economic output
- Robust Regional Demographics: 250,000 population within 10 miles with a 9.39% five-year projected growth rate
- Higher Education Drivers: Near Central Texas College and Texas A&M–Central Texas (11,000+ combined students)
- Offered Below Replacement Cost: Offered at $212 per square foot
- Investor-Friendly Market: No state income tax in Texas
Listing Contacts
Listed by Fisher James Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,257,640.00
$104,803.33/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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