Shopping Strip
Cactus Center
717 S 14th St, Kingsville, TX 78363
Listing Price: $1,995,000
Investment Overview
Marcus & Millichap is pleased to exclusively list for sale Cactus Center, located at 717 South 14th Street and 907 East Johnston Avenue. This property is comprised of two multi-tenant retail buildings totaling 17,400 square feet. Additionally, there is approximately 23,440 square feet of vacant land behind the northernmost building.
Cactus Center is 77 percent occupied with a stabilized tenant base. All tenants are triple-net, protecting an investor from any increase in operating expenses. Cactus Center is offered at a price of $1,995,000 ($115/SF) which represents a day one cap rate of 7.31 percent. If an investor leases the two vacant units, the pro forma cap rate is 10.89 percent.
Strategically positioned along South 14th Street, one of Kingsville’s primary commercial corridors, this neighborhood retail shopping center presents a compelling value-add and income-producing investment opportunity in a stable South Texas market. The property benefits from strong visibility, convenient ingress/egress, and proximity to established residential neighborhoods, schools, and key demand drivers including Texas A&M University–Kingsville.
Cactus Center
Investment Highlights
- Prime Retail Corridor Location: The property is situated on a high-traffic thoroughfare with consistent daily vehicle counts and strong local consumer activity.
- Stable Tenant Base: The center is designed to accommodate a mix of service-oriented and necessity retail tenants that drive repeat local traffic.
- Value-Add Potential: Opportunities exist to increase NOI through lease-up of vacancy, rental rate adjustments to market, and strategic property enhancements.
- Favorable Market Dynamics: Kingsville serves as a regional hub for surrounding rural communities, supporting sustained retail demand.
- Accessible Price Point: Compared to major Texas metros, this property offers investors higher yield potential.
Exclusively Listed By
Financing By
Listing Price: $1,995,000
Investment Highlights
- Prime Retail Corridor Location: The property is situated on a high-traffic thoroughfare with consistent daily vehicle counts and strong local consumer activity.
- Stable Tenant Base: The center is designed to accommodate a mix of service-oriented and necessity retail tenants that drive repeat local traffic.
- Value-Add Potential: Opportunities exist to increase NOI through lease-up of vacancy, rental rate adjustments to market, and strategic property enhancements.
- Favorable Market Dynamics: Kingsville serves as a regional hub for surrounding rural communities, supporting sustained retail demand.
- Accessible Price Point: Compared to major Texas metros, this property offers investors higher yield potential.
Investment Overview
Marcus & Millichap is pleased to exclusively list for sale Cactus Center, located at 717 South 14th Street and 907 East Johnston Avenue. This property is comprised of two multi-tenant retail buildings totaling 17,400 square feet. Additionally, there is approximately 23,440 square feet of vacant land behind the northernmost building. Cactus Center is 77 percent occupied with a stabilized tenant base. All tenants are triple-net, protecting an investor from any increase in operating expenses. Cactus Center is offered at a price of $1,995,000 ($115/SF) which represents a day one cap rate of 7.31 percent. If an investor leases the two vacant units, the pro forma cap rate is 10.89 percent. Strategically positioned along South 14th Street, one of Kingsville’s primary commercial corridors, this neighborhood retail shopping center presents a compelling value-add and income-producing investment opportunity in a stable South Texas market. The property benefits from strong visibility, convenient ingress/egress, and proximity to established residential neighborhoods, schools, and key demand drivers including Texas A&M University–Kingsville.
Exclusively Listed By
Financing By
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