Multi-Tenant NNN Lease Retail Center

Offering Summary

  • Sales Price $2,250,000
  • NOI $152,062
  • Cap Rate 6.84%
  • Occupancy 100%

Investment Overview

Oldham Goodwin is pleased to present Kenedy Retail Plaza II, a NNN leased Multi-Tenant Walmart Shadow center located in Kenedy, TX. The property is 100% occupied and benefits from excellent visibility and access along North Sunset Strip as well as tremendous daytime traffic in a strong retail corridor.

Investment Highlights

  • — TRIPLE NET LEASE - Allows investors to have very limited to no landlord responsibilities with 3rd party management.
  • — UPSIDE IN INCOME POTENTIAL - Tenants have built in rental escalations in extension options.
  • — SHADOW ANCHORED BY WAL-MART SUPERCENTER - Excellent daytime traffic, located next to the only Wal-Mart Supercenter in Karnes County.
  • — 100% OCCUPIED - The property is 100% leased to three long term, successful tenants.
  • — GREAT VISIBILITY AND ACCESS - Excellent visibility and easy access from Sunset Blvd, a major commercial South Texas thoroughfare.
  • — STRONG RETAIL NODE WITH NATIONAL RETAILERS - AT&T, GNC, Hibbet Sports and many other national retailers located in the immediate area.
  • — BUSINESS FRIENDLY ENVIRONMENT - Texas is consistently ranked highly for its business environment and strong economy. Texas has no State Income Tax.