1702 Central Texas Expy Lampasas, TX 76550

This exceptional 70,410 square foot retail property in Lampasas, Texas, presents a compelling investment opportunity. Located at 1702 Central Texas Expy, 76550, this single-story, 2021-built center boasts a prime location adjacent to Walmart, ensuring high visibility and foot traffic. Currently 75% occupied, the property features a diverse tenant mix including T-Mobile, Golden Chick, and other businesses, offering a strong, e-commerce-resistant lineup. The property includes 89 parking spaces and sits on a 2.1-acre lot. The Net Lease (NNN) structure minimizes landlord responsibilities, while the fee simple ownership provides complete control. The current Net Operating Income (NOI) stands at $172,563, yielding a 5.75% cap rate with an asking price of $3,000,000 ($42.61/sq ft). The property features scheduled rent increases for all tenants, providing a hedge against inflation and significant upside potential. This value-add opportunity allows for increased NOI through leasing up the remaining vacancy. T-Mobile's lease includes a 10% rental increase every five years, while other tenants have annual increases. The property's strong tenant lineup, strategic location, and built-in rent growth make it an attractive investment for those seeking stable cash flow and long-term appreciation. The property is zoned for retail use (R: Retail) and has a land value of $335 per square foot. This is a multi-tenant property with four units in total.