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Shopping Strip

Kerrville Two Property Portfolio

423 Main St, Kerrville, TX 78028

Listing Price: $3,500,000

Cap Rate
5.85%
Gross SF
32,353
Rentable SF
27,446
Price/Gross SF
$108.18
Lot Size
1.69 acres
Year Built
1979

Investment Overview

Marcus & Millichap is pleased to present Town Plaza and Pecan Plaza, a two property retail & office portfolio located in the heart of Kerrville, Texas. Town Plaza is a multi-tenant retail center offering 16,216 square feet of gross leasable area, located at a signalized intersection on Main Street in downtown Kerrville. The center is 100% occupied with a strong mix of nationally recognized and local retail services. Town Plaza has strong visibility with two facades at the signalized intersection of Main & Quinlan. Pecan Plaza is a multi-tenant center servicing office and medical tenants with 11,230 square feet of gross leasable area. Pecan Plaza backs up directly to the rear of Town Plaza with frontage along Water Street and Quinlan Street. Pecan Plaza consists of two separate buildings with on-site parking and outdoor common area access to each suite. This two-property portfolio asset offers a strong investment opportunity in a low-inventory market with long term upside.

Investment Highlights

  • Strong Mix of Retail & Office Tenants
  • Located In Kerrville's Main Trade Area
  • Fully Occupied
  • Under Market Rental Rates
  • Frontage On Main Street & Water Street
  • Signalized Intersection Visibility & Access
  • Sufficient Parking Availability
  • Well-Maintained & Managed Assets

Exclusively Listed By

Financing By

Shopping Strip

Kerrville Two Property Portfolio

Listing Price: $3,500,000

Cap Rate
5.85%
Gross SF
32,353
Rentable SF
27,446
Price/Gross SF
$108.18
Lot Size
1.69 acres
Year Built
1979

Investment Highlights

  • Strong Mix of Retail & Office Tenants
  • Located In Kerrville's Main Trade Area
  • Fully Occupied
  • Under Market Rental Rates
  • Frontage On Main Street & Water Street
  • Signalized Intersection Visibility & Access
  • Sufficient Parking Availability
  • Well-Maintained & Managed Assets

Investment Overview

Marcus & Millichap is pleased to present Town Plaza and Pecan Plaza, a two property retail & office portfolio located in the heart of Kerrville, Texas. Town Plaza is a multi-tenant retail center offering 16,216 square feet of gross leasable area, located at a signalized intersection on Main Street in downtown Kerrville. The center is 100% occupied with a strong mix of nationally recognized and local retail services. Town Plaza has strong visibility with two facades at the signalized intersection of Main & Quinlan. Pecan Plaza is a multi-tenant center servicing office and medical tenants with 11,230 square feet of gross leasable area. Pecan Plaza backs up directly to the rear of Town Plaza with frontage along Water Street and Quinlan Street. Pecan Plaza consists of two separate buildings with on-site parking and outdoor common area access to each suite. This two-property portfolio asset offers a strong investment opportunity in a low-inventory market with long term upside.

Exclusively Listed By

Financing By

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