US - Lubbock, TX
HK$79,643,000 | 70,479 sf
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.