- The asset features a diverse tenant line-up, promoting crossover exposure to the site
- All tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor
- The leases include scheduled rental increases during the initial terms and option periods
Investment Offering
Canyon, TX - 4-Tenant Strip
1512 5th Avenue | Canyon, TX 79015
$2,435,000
Price7.5%
Cap Rate$182,651
NOI2016
Year Built10,432
± SF Offering GLA0.39
± AC Land AreaDescription
Location
- The subject property is located less than 1 mile from West Texas A&M University, which has over 7,300 enrolled students
- Located near the signalized intersection of State Highway 217 and 15th Street, which combine to average over 18,800 vehicles passing by daily
- The site is located in the center of a primary retail corridor that features national/credit tenants such as United Supermarkets, McDonald’s, Whataburger, Anytime Fitness, Take 5 Oil Change, and AutoZone
- Strong tenant synergy promotes crossover shopping to the subject property
Documents & Links
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 Offering Memorandum |  |  |
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215