614 7Th Ave Corsicana, TX 75110

This exceptional 5,000-square-foot shopping center in Corsicana, Texas, presents a compelling investment opportunity. Located at 614 W 7th Ave, this single-story, 1992-built property boasts a 100% occupancy rate with two tenants: TitleMax and Armstrong McCall, each occupying 2,500 square feet. The property features a recently replaced (2019) TPO roof with a 15-year warranty and multiple access points. Situated on a 0.45-acre lot, the center benefits from its high-traffic location on W. 7th St., experiencing over 25,000 vehicles daily. Its strategic placement near a major H-E-B grocery store provides significant added value. The current asking price is $1,172,000, representing a price per square foot of $234.40 and a land value of $59.78 per square foot. The property's Net Operating Income (NOI) is $79,111, yielding a 6.75% cap rate. Current below-market rents offer significant upside potential through gradual rental escalations. One tenant has occupied their space for over ten years, and the other for over seven, demonstrating strong tenant retention. The property's current lease structure is NNN for one tenant, offering further upside potential with the other tenant's lease. This stabilized, multi-tenant retail asset is priced below replacement cost, presenting a unique opportunity for investors seeking a strong return in a dynamic market with low vacancy rates and appreciating rents. The property is classified as a Class B, stabilized investment with a multi-tenant occupancy and a NNN lease structure.