Borger West Center
Retail | 7.50% CAP | 88,000 SqFt
Marketing description
Borger West Center is a 100% occupied, grocery-anchored shopping center in Borger, Texas, totaling 88,000 square feet. The property is anchored by United Supermarkets, a well-established regional grocer operating as part of Albertsons, which has occupied 44,250 square feet (50% of the GLA) since 1992, providing over 30 years of operating history and investment-grade credit. United Supermarkets operates 99+ stores across Texas and New Mexico with 10,000+ employees and has a strong concentration in West Texas and the Panhandle.
The tenant mix includes national and regional tenants such as Bealls, Shoe Sensation, Hibbett Sports, Maurice's, and Cash Store, providing a well-diversified rent roll with a 5.3-year average remaining term and well-staggered lease expirations. The property benefits from long-term anchor stability, with United Supermarkets' lease running through 2032 with 3 x 5-year renewal options.
Located in a strong local economy with low unemployment, Borger's 3.6% unemployment rate reflects a stable, working market with consistent retail demand driven by a manufacturing and energy-sector employment base. The property is situated in a high-traffic area with 11,111 vehicles per day, serving a 5-mile radius population of 15,475 with an average household income of $88,740.
Investment highlights
- Anchored by United Supermarkets (Albertsons) - 44,250 SF Grocer Anchor Comprising 50% of GLA Has Occupied the Space Since 1992, Providing 30+ Years of Operating History and Investment-Grade Credit Backed by One of the Largest Grocery Chains in the U.S.
- Deeply Established Regional Grocer - United Supermarkets Operates 99+ Stores Across Texas and New Mexico with 10,000+ Employees, with a Strong Concentration in West Texas and the Panhandle
- 100% Occupied, Stabilized Asset - Fully Leased 88,000 SF Shopping Center with Zero Vacancy and No Lease-Up Risk
- Long-Term Anchor Stability - United Supermarkets Lease Runs Through 2032 with 3 x 5 Year Renewal Options
- National & Regional Tenant Mix - Bealls, Shoe Sensation, Hibbett Sports, Maurice's, and Cash Store Round Out the Rent Roll
- 5.3 Year Average Remaining Term - Well-Staggered Lease Expirations Provide Income Stability and Reduced Rollover Risk
- Strong Local Economy with Low Unemployment - Borger's 3.6% Unemployment Rate Reflects a Stable, Working Market with Consistent Retail Demand Driven by a Manufacturing and Energy-Sector Employment Base
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