Shopping Strip

611 W. Front

611 W Front Ave, Electra, TX 76360

Listing Price: $315,000

Cap Rate
7.64%
Gross SF
13,080
Rentable SF
13,080
Price/Gross SF
$24.08
Lot Size
0.60 acres
Year Built
1972

Investment Overview

The subject property is a 13,080-square foot property located on 0.60 acres of land in Electra, Texas. The property is composed of three suites; a dental office, a Dollar General, and one vacancy. This investment is being offered at $315,000, which represents a 7.64 percent capitalization rate. Electra is located on Highway 287, 30 minutes northwest of Wichita Falls, Texas.

Electra is a city in Wichita County, Texas, United States. It is part of the Wichita Falls metropolitan statistical area. The population was 2,791 at the 2010 census., down from 3,168 in 2000. Wichita Falls is a city in northern Texas. In the center, the Professional Wrestling Hall of Fame and Museum honors notable wrestlers and displays memorabilia. Nearby, the narrow, four-story Newby-McMahon Building is nicknamed the world's littlest skyscraper. Set along a bend of the Wichita River, Lucy Park has playgrounds, a pool and a man-made waterfall. The River Bend Nature Center has nature trails and exhibits.

Investment Highlights

  • Below Replacement Cost - Priced at $24 per Square Foot
  • Upside in Renting Vacancy
  • Dollar General has Occupied Space Since 1997
  • Located on Hghway 287

Exclusively Listed By

Listing Price: $315,000

Cap Rate
7.64%
Gross SF
13,080
Rentable SF
13,080
Price/Gross SF
$24.08
Lot Size
0.60 acres
Year Built
1972

Investment Highlights

  • Below Replacement Cost - Priced at $24 per Square Foot
  • Upside in Renting Vacancy
  • Dollar General has Occupied Space Since 1997
  • Located on Hghway 287

Investment Overview

The subject property is a 13,080-square foot property located on 0.60 acres of land in Electra, Texas. The property is composed of three suites; a dental office, a Dollar General, and one vacancy. This investment is being offered at $315,000, which represents a 7.64 percent capitalization rate. Electra is located on Highway 287, 30 minutes northwest of Wichita Falls, Texas.

Electra is a city in Wichita County, Texas, United States. It is part of the Wichita Falls metropolitan statistical area. The population was 2,791 at the 2010 census., down from 3,168 in 2000. Wichita Falls is a city in northern Texas. In the center, the Professional Wrestling Hall of Fame and Museum honors notable wrestlers and displays memorabilia. Nearby, the narrow, four-story Newby-McMahon Building is nicknamed the world's littlest skyscraper. Set along a bend of the Wichita River, Lucy Park has playgrounds, a pool and a man-made waterfall. The River Bend Nature Center has nature trails and exhibits.

Exclusively Listed By

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