SODA District - South Downtown Abilene - 100% NNN Leases
Mixed Use | 100% Occupied | Opportunity Zone
Marketing description
Located in the heart of the rapidly revitalizing SODA District (South Downtown Abilene), this fully renovated 13,500 square foot mixed-use building is now 100% occupied with the addition of a new tenant who has executed a three-year lease, delivering immediate stabilized cash flow and long-term income security.
The property consists of four leasable spaces, all fully leased, currently generating $12,470 per month in base rent, equating to $149,640 annually. With all suites occupied, the asset provides stable in-place income supported by a diversified tenant mix.
Lower-level tenants include an established dance studio and the newly secured tenant in the final 3,375 SF space. The entire second floor is fully occupied by a well-known local bar and music venue that has been in continuous operation since 1975, serving as a longstanding staple of the community. There is also additional signage income from a neighboring tenant. This blend of experiential and community-driven uses supports consistent foot traffic and strengthens the property’s long-term viability. All leases are structured as NNN, providing predictable cash flow while minimizing landlord expense exposure.
Extensive capital improvements have been completed, including a new roof, new HVAC systems, ADA-compliant restrooms in each space, upgraded electrical and plumbing systems, new windows, insulated ceiling tiles, fresh paint, and new flooring. These upgrades significantly reduce near-term capital expenditure risk and position the asset as a true turnkey investment.
Strategically located in the direct path of growth within South Downtown Abilene, the property benefits from continued momentum in the district, highlighted by the recent sale of 833 S. 1st Street as the future home of Angry Cactus Abilene and the sale of 901 S. 1st (Lauren Building). Ongoing private investment in the corridor underscores the long-term appreciation potential.
Additional information including the DD can be found at www.bracketre.com
Investment highlights
- The property consists of four leasable spaces, all fully leased, currently generating $12,470 per month in gross rent, equating to $149,640 annually. With all suites occupied, the asset provides stable in-place income supported by a diversified tenant mix.
- Tenants include Prep Academy -- 3,080 SF (lease ends 8/31/27) The Stairs bar and music venue which has been a local staple since 1975 located on the second floor -- 7,045 SF (lease ends 8/31/26) and the newly secured tenant is mother's day out and child entertainment venue (On Time for Mom Time) in the final 3,375 SF (lease ends 4/15/29). There is also monthly signage revenue from a neighboring tenant with options until 2031. All leases are structured as NNN, providing predictable cash flow while minimizing landlord expense exposure.
- Extensive capital improvements have been completed, including a new roof, new HVAC systems, ADA-compliant restrooms in each space, upgraded electrical and plumbing systems, new windows, insulated ceiling tiles, fresh paint, and new flooring. These upgrades significantly reduce near-term capital expenditure risk and position the asset as a true turnkey investment.
- Strategically located in the direct path of growth within South Downtown Abilene, the property benefits from continued momentum in the district, highlighted by the recent sale of 833 S. 1st Street as the future home of Angry Cactus Abilene and the sale of 901 S. 1st (Lauren Building). Ongoing private investment in the corridor underscores the long-term appreciation potential.
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