6401 Tx-317Temple, TX 76502

For Sale
$1,990,000

Temple, TX Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
Live Oak Square, a 9,650 square foot shopping center in Temple, Texas, presents a compelling investment opportunity. This 100% occupied, multi-tenant property boasts a strong net operating income (NOI) of $143,248, yielding a 7.20% cap rate. The asking price is $1,990,000, and the sale includes a seller leaseback for a remaining term of 3 years under a Net Net (NN) lease. Strategically located on TX-317, the property benefits from high visibility with approximately 22,950 vehicles passing daily. The 0.99-acre lot is zoned GR, and the property is ideally situated within a 3-mile radius of over 2,200 residential units. This retail investment offers a stable income stream with significant upside potential, given the property's prime location and high occupancy rate. The strong demographics of Temple, Texas, further enhance the long-term value of this asset. The property's location provides convenient access to a thriving community, benefiting from the economic activity and population growth in the area. This is an exceptional opportunity for investors seeking a stable, high-performing retail investment in a growing Texas market.

Highlights

  • Owner/Seller leaseback for 18-24 months.
  • 100% occupancy.
  • High-traffic location on State Hwy 317, boasting approximately 22,950 vehicles per day.
  • Densely populated area with over 2,200 residential units within a 3-mile radius.

Property Details for 6401 Tx-317

Property type
Lifestyle centers, Power centers
Square Feet
9,650 SF
Lot Size (sq. ft)
43,124 SF

Location Insight

City
Temple
County
Bell
State
Texas
Latitude
31.114437377239
Longitude
-97.446294482196
6401 Tx-317, Temple, Texas

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6401 Tx-317
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