Listed by CPRE Commercial
$2,256,515
Hurst Street 2-Building Retail Complex
Details
APN 22998, 22999
Property Type Retail
Sub Type QSR/Fast Food, Shopping Center
Square Footage 19,500
Cap Rate 9.65%
NOI $217,754
Tenancy Multi
Class B
Year Built 766 Hurst St - 2020 / 807 Hurst St - 2005
Buildings 2
Stories 1
Zoning Commercial C2
Parking Spaces 4.92 per 1,000 sq ft
Investment Type Stabilized
Ground Lease No
Retail | 9.65% CAP | 19,500 SqFt
Marketing description
2-Building Retail Center totaling 19,500 SF newly available for purchase in the of the heart of the US Hwy/Durst St Commercial Hub of Center, TX. These buildings are directly across from Walmart with 10,000 VPD of traffic in front of the property and 335’ of contiguous highway frontage. 766 Hurst St is 100% leased and Seller agrees to Master Lease the vacancy remaining in 807 Hurst for a period of 12 months from the close of escrow to produce a Net Operating Income of $217,753.72.
Investment highlights
Strong Income Stream
Directly Across from Walmart in the Heart of the Commercial Corridor
Ample Parking
Great Signage Opportunities for Tenants
766 Hurst Street built in 2020 and 807 built in 2005
Both buildings have long life standing seam metal roofs
Listing Contacts
Listed by CPRE Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$217,753.72
$18,146.14/mo
Valuation Metrics
0
DSCR
9.65%
Cap Rate
9.65%
ROI
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Tax History
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