5414 Adams AveTemple, TX 76502

For Sale
$3,415,000

High-yield, multi-tenant retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 6,560 square foot retail property in Temple, Texas, presents a compelling investment opportunity. Located at 5414 W Adams Ave, this fee-simple, 100% occupied, multi-tenant strip center boasts four units with a strong tenant mix, ideal for long-term stability. The property features a prominent street-front location on West Adams Ave, experiencing over 31,000 vehicles daily, and benefits from a large pylon sign for optimal visibility. Its strategic placement near Baylor Scott & White facilities, a new Walmart Supercenter, and directly across from a planned H-E-B grocery store ensures high traffic and customer draw. The property includes 45 parking spaces and enjoys easy access to State Highway 363 (46,000 VPD) and Interstate 35 (133,600 VPD). Built in 2019, the single-building property sits on a 0.99-acre lot and is zoned for commercial use. The Net Lease (NNN) investment features a 7.00% cap rate, a $3,415,000 asking price, and a strong NOI of $239,028. The current leases are multi-tenant with two 5-year lease options available, providing further investment security. The property's location and tenant mix offer excellent visibility, accessibility, and strong demographics within a 5-mile radius, making it a highly desirable investment.

Highlights

  • 100% Occupancy.
  • E-commerce resistant tenant mix with lease extension options; NNN leases.
  • Strategic location with high visibility and accessibility; quick access to Interstate 35 (133,600 VPD).
  • Strong demographics within a 5-mile radius.

Property Details for 5414 Adams Ave

Property type
Lifestyle centers, Power centers
Square Feet
6,560 SF
Year Built
2019
Buildings
1
Lot Size (sq. ft)
43,124 SF
Units
4

Location Insight

City
Temple
County
Bell
State
Texas
Latitude
31.1135183
Longitude
-97.399147
5414 Adams Ave, Temple, Texas

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5414 Adams Ave
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