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33293607

190 Highway Avenue, Copperas Cove, TX 76522

JS
CA 02074212
CrownPoint Partners
DB
CA 02108110
CrownPoint Partners
Listed by CrownPoint Partners
$9,000,000
2 days on market
Updated 2 days ago

Total Point ER | 20 Yr Abs NNN | AUSTIN TX MSA

Details
Property Type Retail, Office
Sub Type Medical Office
Square Footage 13,225
Cap Rate 8%
NOI $720,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens, CVS Pharmacy (+3)
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 2X 5 YEAR
Broker Co-Op True
Class A
Year Built 2013
Year Renovated 2026
Buildings 1
Acreage 5.160
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

AUSTIN TX | 20 Yr Abs NNN | 8% Cap

Investment highlights

PROPERTY HIGHLIGHTS

• 20 Year Absolute Net Lease Offers Predictable Cash Flow

• Forward Sale / Under Construction Opportunity

• Essential Healthcare Facility Operating as a Freestanding Emergency Room With 24/7 Operations

• 13,225 SF Medical Facility Building Situated on a 5.16 Acre Parcel

• Corporate Guaranteed Lease Structure Enhances Credit Profile and Income Security

• No Landlord Responsibilities and Potential Tax Advantages, Including Opportunities for Accelerated Depreciation

• Ideal For Private Investors Or 1031 Exchange Buyers Seeking a Manageable, Income-Producing Healthcare Asset with Strong Credit Tenancy

• Institutional Scale Asset Size Well Suited for Private Investors Seeking Predictable Cash Flow and Long Term Hold Potential

• Strategically Located along E Highway 190, a Primary East-West Corridor Providing Strong Visibility, Accessibility, and Consistent Daily Traffic

• Positioned within Close Proximity to Major Military and Employment Drivers, Supporting Stable Demand and Long-Term Tenant Viability

LOCATION HIGHLIGHTS

• Located in Copperas Cove, a Growing Central Texas Community Benefiting from Its Proximity to Major Military and Regional Employment Hubs

• Situated Approximately 40 Miles North of Austin, Providing Access to One of the Nation’s Fastest-Growing Metropolitan Areas and Expanding Economic Influence

• Situated just Minutes from Fort Cavazos, One of the Largest Military Installations in the United States, Driving Significant Population and Economic Activity

• Positioned along E Highway 190, a Major Thoroughfare Connecting Killeen, Harker Heights, and Belton, Providing Strong Regional Connectivity

• Immediate Access to Interstate 14 Enhances Accessibility Throughout the Central Texas Region

• Surrounded by Dense Residential Neighborhoods Supported by Military Personnel and Civilian Workforce, Providing a Stable and Recurring Customer Base

• Nearby National Retailers and Service Providers Including Walmart Supercenter and HEB Grocery Drive Consistent Daily Traffic to the Area

• Proximity to Killeen and Temple Expands Access to Additional Healthcare, Retail, and Employment Centers

Listing Contacts

JS
CA 02074212
CrownPoint Partners
DB
CA 02108110
CrownPoint Partners
Listed by CrownPoint Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$720,000.00
$60,000.00/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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