Hereford Corners

$3,800,000

701 N 25 Mile Ave Hereford, TX 79045

To navigate the horizontal menu, use the arrow keys. For VoiceOver on iOS, swipe left or right with one finger.

About this listing

Description:

Coldwell Banker Commercial, Capital Advisors is pleased to offer for sale the Hereford Corners Shopping Center at 701 N 25 Mile in Hereford, TX. This Walmart out-parcel shopping center is anchored by Hibbett Sporting Goods, Cato Fashions, and Shoe Sensation. The property is located on the major thoroughfare in Hereford (Hwy 385), which provides excellent visibility and strong traffic to the subject site. Hereford, TX is located 50 miles southwest of Amarillo, TX in the heart of the Texas Panhandle. The property has a strong Tenant mix comprised of national and regional brands. It benefits from its proximity to the Walmart Supercenter that draws over 108,000 visits per month from a trade area greater than 20 miles, per Placer.ai. With such a broad trade area, Hereford businesses draw from a pool of over 200,000 people per the Hereford EDC. The shopping center is also in close proximity to Hereford's major economic drivers - Hereford Independent School District, Hereford Regional Medical Center.
Highlights:
Sales Price - $3,800,000 Cap Rate - 8.25% NOI - $313,464 Staggered Lease Expirations NNN Leases (Landlord is responsible for roof and structure) Shadow anchored by Walmart Supercenter drawing 108k visits per month Shopping Center fronts US Hwy 385 (12,000+ VPD) Strong Tenant mix combined of national and regional Tenants Lot sizes - 2.4 acres Year Built - 2005

  • Building Size

    23,838 sqft

  • Lot Area

    2.4 acres

Map





REQUEST INFORMATION

Yes, I would like more information from Coldwell Banker Commercial ("CBC"). Please use and/or share my information with a CBC agent to contact me about my real estate needs.

By clicking REQUEST INFORMATION, I agree that this automatically creates an account, and a CBC agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number.
I acknowledge that I have read and agree to the Terms of Use and Privacy Policy.

SIMILAR LISTINGS FROM Jesse Rincones

  • For Lease
    Retail
    11609 Cr 2300 Lubbock, TX
				79423

    1 photo available.

    1

    11609 Cr 2300

    $10.80/sqft/yr
    Lubbock, TX 79423
  • For Lease
    Retail
    2312 19th Street Lubbock, TX
				79401

    1 photo available.

    1

    2312 19th Street

    $25/sqft/yr
    Lubbock, TX 79401
  • For Lease
    Retail
    701 N 25 Mile Ave Hereford, TX
				79405

    6 photos available.

    6

    Hereford Corners

    $15/sqft/yr
    Hereford, TX 79405