Central Texas Marketplace_Property for Sale

4633 South Jack Kultgen Expressway, Waco, TX, 76711, US

Central Texas Marketplace

Asset description

Jones Lang LaSalle is pleased to exclusively offer investors the opportunity to acquire Central Texas Marketplace, a 181,708 square foot, 100% leased, power center in Waco, TX anchored by BestBuy and Office Depot. With direct access and frontage from I-35 and only 10 minutes from Baylor University, Central Texas Marketplace is one of the most sought-after retail centers for shoppers in Central Texas. Central Texas Marketplace is being offered as part of the Southwest Retail Portfolio and can be purchased separately.

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Attributes

Building area net

181,708 sf

Occupancy

100%

Year built

2005

WALT

1.6 years

Media

Investment highlights

Dominant Retail Hub - Located adjacent to the 526K SF phase 1 development of Central Texas Marketplace, a 100% occupied power center averaging 7.5M visits per year, provides investors with the opportunity to acquire a high-performing asset in one of Texas’ most dominant retail locations well below replacement cost.
Historical & Future Tenant Retention - Since delivery, current ownership has never had a tenant vacate. With 100% of the current rent roll having fixed renewal options, Central Texas Marketplace offers investors a strong in-place cash flow for years to come.
Premium Frontage with Neighboring Attractions - Located 10 minutes south of the Division I college, Baylor University, with direct access and frontage off I-35, Central Texas Marketplace serves as the gateway power center for 49M+ travelers utilizing I-35 every year.