Listed by LanCarte Commercial
$2,400,000
1481 W South Loop
Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 16,640
Cap Rate 7.29%
NOI $175,000
Occupancy 90%
Tenancy Multi
Lease Type NNN
Class B
Investment Type Value Add
Ground Lease No
About This Property for Sale
Marketing description
- Home to Tarleton State University, one of the fastest-growing universities in Texas
- Regional retail hub serving Stephenville, Erath County, and surrounding communities
- Over 26,800 residents within a 5-mile radius
- Strong employment base driven by education, healthcare, agriculture, and retail
- Continued population and economic growth
Investment highlights
- 16,640 SF Multi-Tenant Retail Center
- Asking Price: $2,400,000 ($144/SF)
- 100% Occupied
- No Near-Term Capital Needs
- Value Add Through Future Rent Growth
- Offered Below Replacement Cost
- Located on Stephenville’s primary retail corridor
- Established tenant base with several long-term occupants
- Recent capital improvements completed in 2024
- Opportunity for future rental growth and value creation
- Strong visibility and accessibility along W. South Loop
- Regional trade area serving Stephenville and surrounding communities
- Minutes from Tarleton State University
- Convenient Access and Visibility Along US 377/South Loop
Listing Contacts
Listed by LanCarte Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$175,000.00
$14,583.33/mo
Valuation Metrics
0
DSCR
7.29%
Cap Rate
7.29%
ROI
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Property History
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