...

Bilt Commercial

Furniture Store Anchored Center High Cap Rate | Low Price/SF

Price
$1,430,000
Cap Rate
10%
Occupancy
94%
GLA
71,878 SF
Lot Size
7.65 AC
Year Built
1960/2016

Investment Highlights

ANCHOR TENANT STABILITY – The Furniture Store has been at this location for 40+ years.

PRIME LOCATION – Situated just half a mile from Bastrop’s central square, Magnolia Plaza enjoys prime visibility along the city’s main thoroughfare, attracting over 19,000 vehicles per day.

HIGH VISIBILITY/ATTRACTIVE PYLON SIGN – Attractive pylon sign with high visibility to passing traffic, pedestrians, and potential clients with a form of continuous advertising increasing awareness of the building and its occupants.

VALUE-ADD OPORTUNITY – 575 SF freestanding vacant store with excellent visibility, ideal for retail with drive-thru.  Three inline vacant spaces, offering additional upside potential.

WELL-MAINTAINED & ENERGY EFFICIENT – Updated spaces with a new roof, HVAC systems, and more.

AMPLE PARKING & SECURITY – 100+ spaces with safety lighting throughout.

CONVENIENT UTILITIES – Cable, electric, and gas on separate meters.

Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.