Goodyear – Belton (Temple – Killeen), TX

2603 North Main Street
(Temple - Killeen), TX
Sold: $3,906,875
Closing Date: 2/22/2017

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Year Built: 2016
Lot Size: .88 Acres
Property Type: Commercial
Property Status: Sold

NOI: $218,785

PRICE: $3,978,000

The 6,276- square foot free standing Goodyear Tire situated on 0.88-acres in Belton, Texas which is part of the Killeen-Temple-Fort Hood MSA (Population: 450,000+). Goodyear’s new 15-year NNN lease with four 5-year options and 5% rent escalations every 5 years throughout the term is scheduled to commence on December 1, 2016. The property is ideally positioned with excellent frontage and visibility on a hard corner at the signalized intersection of North Main Street (Traffic Count: 17,390 VPD) and Sparta Road (Traffic Count: 10,170 VPD) and is an outparcel to a shopping center anchored by a 117,000-square-foot H-E-B Plus! that opened 2011.

Goodyear is also located directly across from Walmart Supercenter and the remaining corners of the immediate intersection are occupied by a H-E-B Fuel Center and Taco Bell, respectively. The site is also just 2.4 miles north of I-35 (Traffic Count: 96,000 VPD) which provides direct access to Temple (10 miles to the east) and Austin (68 miles to the south). Other notable retailers with a presence in the immediate vicinity include: Walgreens, CVS, Ace Hardware, Planet Fitness, Jack in the Box, Grand Avenue Theaters, Aarons, Papa Johns,

Little Caesars, Dollar Tree, Dollar General, GameStop, GNC, CATO, Sonic, AT&T, and Shell among many others. In all, there is 1.3 MSF of retail space and 1,495 multifamily units within a 3-mile radius. Further, the University of Mary Hardin – Baylor (Enrollment: 3,800) and Downtown Belton are located less than 2 miles south of the site providing Goodyear with a stable built-in customer base.