Market Heights_Property for Sale
Market Heights_Property for Sale
201 E Central Texas Expy, Harker Heights, TX, 76548-1887, US

Market Heights

Asset description

JLL has been exclusively retained to offer qualified investors the opportunity to acquire Market Heights (the “Property”), a best-in-class retail destination consisting of 417,131 square feet of high performing retailers with contractual rents 30% below market. The Property, located in Harker Heights, TX, serves a 30 mile trade area including Killeen-Temple-Fort Hood MSA and is strategically positioned at the front door of the largest US military base with over 45,000 troops. Fort Hood generates $6.5B of consumer spending power within a 10 mile radius and is the largest single-site employer in Texas. The Property is anchored by a fully renovated Target, Dick’s, Ross, Barnes and Noble, Planet Fitness, Ulta and Cinemark. Currently 98% leased, Market Heights has significant leasing demand with prospective tenants waiting for available space. This Property offers a unique opportunity to purchase an asset of scale with a durable income stream and significant NOI growth through increasing rents and additional development opportunities.



Building area Net
38,753 sm
Year built
Land area Net
25.18 ha (251,755 sm)


Investment highlights

  • Market dominant and mission-critical location with $6.5B of consumer spending power within 10 miles
  • Premier tenant roster with top performing retailers
  • Significant upside opportunities through upgrading tenant roast at higher rates and developing pads
  • Secure in-place cash flow with 26% projected NOI growth and 2.34% CAGR (over 10 years)
  • Top 15% of retail centers in the country generating 5.4M visits annually
  • Close proximity to Fort Hood, the country's largest active military base with an estimated 45K troops and 9K civilian employees

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Market Heights (0 Properties)

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Last updated
Feb 7, 2023