Investment Overview

Watercrest Road Retail Center is a 14,450-square-foot, multi-tenant retail center located in Killeen, Texas. The subject property is currently 38 percent occupied, providing significant upside potential in leasing the remaining vacancies. All current leases are triple-net. Tenants are a complementary mix of internet-resistant and service-oriented businesses, including AK Slays Hair, Four 9 Hookah Lounge, and a convenience store. The building features a metal roof and is situated on 1.35 acres with ample paved parking. A large double-sided monument sign provides additional exposure to the center. The subject property is located at the intersection of Watercrest Road and Windfield Drive. Traffic counts in front of the property on Watercrest Road are approximately 10,508 vehicles per day. The subject property is surrounded by national and regional retailers including Subway, Dunkin' , Jersey Mike's Subs, Walmart Neighborhood Market, Burger King, Dutch Bros Coffee, and others. Also in close proximity is AdventHealth Central Texas, formerly Metroplex Adventist Hospital, one of the largest health care providers in the United States, housing approximately 208 beds. Central Texas College, a public community college, is also nearby with an estimated total enrollment of 10,173 students. The surrounding area is densely populated with more than 135,145 residents within five miles.