6401 Tx-317Temple, TX 76502

Property Details for 6401 Tx-317

Lot size

0.99 AC

Property size (Sq ft)

9,650 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Live Oak Square, a 9,650 square foot shopping center in Temple, Texas, presents a compelling investment opportunity. This 100% occupied, multi-tenant property boasts a strong net operating income (NOI) of $143,248, yielding a 7.20% cap rate. The asking price is $1,990,000, and the sale includes a seller leaseback for a remaining term of 3 years under a Net Net (NN) lease. Strategically located on TX-317, the property benefits from high visibility with approximately 22,950 vehicles passing daily. The 0.99-acre lot is zoned GR, and the property is ideally situated within a 3-mile radius of over 2,200 residential units. This retail investment offers a stable income stream with significant upside potential, given the property's prime location and high occupancy rate. The strong demographics of Temple, Texas, further enhance the long-term value of this asset. The property's location provides convenient access to a thriving community, benefiting from the economic activity and population growth in the area. This is an exceptional opportunity for investors seeking a stable, high-performing retail investment in a growing Texas market.

Location Insight

City

Temple

County

Bell

State

Texas

Latitude

31.1144

Longitude

-97.4463

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