3550 Clack StAbilene, TX 79606

Property Details for 3550 Clack St

Year built

2020

Lot size

1.52 AC

Property size (Sq ft)

13,800 SF

Property type

Other commercial real estate

APN

4350000300

APU

4350000300

Description

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.

Location Insight

City

Abilene

County

Taylor

State

Texas

Latitude

32.4081

Longitude

-99.7704

CBSA code

10180

CBSA name

ABILENE, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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