3006 Barron RdCollege Station, TX 77845

This exceptional mixed-use property in College Station, Texas, presents a compelling value-add investment opportunity. Located at 3006 Barron Rd, this two-story, 8,416 square foot building boasts a prominent location on SH-40, enjoying high visibility and exposure to over 20,000 vehicles daily. Currently 86% occupied, the property features a multi-tenant configuration with a strong anchor tenant under a five-year NNN lease. The remaining vacant space (1,162 sq ft) is in shell condition, offering significant flexibility for a new tenant or owner-occupant, with a generous $50/SF tenant improvement allowance. The property sits on a 16,117 sq ft lot and is zoned SC - Suburban Commercial. Built in 2018, the property generates a current NOI of $161,335, with a pro-forma NOI of $199,220, representing a pro-forma cap rate of 8.25%. The asking price is $2,350,000, and the current cap rate is 6.87%. The property benefits from its location within a high-growth area of College Station, a city recognized for its business-friendly environment and strong economic performance. This is an ideal opportunity for investors seeking a value-add project with significant upside potential in a thriving Texas market. The property is ready for occupancy on September 10, 2024.