For Sale
$7,500,000

3550 Clack StAbilene, TX 79606

High-Yield, Multi-Tenant Retail Center

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Class A, 14,233 square foot shopping center in Abilene, TX, presents a compelling investment opportunity. Boasting 100% occupancy with seven tenants, including franchisees and corporate guarantees, this property offers a stable income stream with a current NOI of $463,756 and a pro-forma NOI of $506,306, resulting in a 6.18% cap rate and a pro-forma cap rate of 6.75%. Built in 2020, the single-story building is situated on a 1.52-acre lot and features 5 parking spaces per 1,000 square feet. All leases are triple-net (NNN) with a remaining term of 6.1 years and 2-5 year renewal options, including annual rent bumps of 2.5% - 3%. The property benefits from a prime location in a high-traffic area, shadow-anchored by major retailers and near three universities, ensuring consistent customer flow. The asking price is $7,500,000, translating to $522.65 per square foot and $24 per square foot of land value. This well-maintained, modern retail center offers a secure and profitable investment in a thriving Texas market. The property is zoned for retail use and enjoys easy access from multiple points. This is a fee-simple ownership opportunity.

Highlights

  • 14,233 SF Class A retail center in Abilene, TX.
  • 100% occupied with seven tenants, including franchisees and corporate guarantees.
  • $7,500,000 asking price ($522.65/SF, $24/SF land).
  • Built in 2020, situated on a 1.52-acre lot with ample parking (5/1,000 SF).
  • NNN leases with 6.1 years remaining, 2-5 year renewal options, and 2.5%-3% annual rent bumps.
  • Prime location in high-traffic area, shadow-anchored by major retailers and near three universities.

Property Details for 3550 Clack St

Property type
Lifestyle centers, Power centers
Square Feet
14,350 SF
Class
A
Year Built
2020
Buildings
1
Stories
1
Lot Size (sq. ft)
66,211 SF
Units
7

Location Insight

City
Abilene
County
Taylor
State
Texas
Latitude
32.4071818
Longitude
-99.7714413
3550 Clack St, Abilene, Texas

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3550 Clack St
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