The Shops At Northpark - NNN Investment Sale 3398 N 1st St Local commercial 1 632 m² 69 % Loué À vendre Abilene, TX 79603 1 744 428 € (1 068,69 €/m²) Taux de capitalisation 7,50 %

Value-add neighborhood shopping center in North Abilene
17,570 SF retail center with immediate upside potential
Approximately 69.4% occupied with stable in-place cash flow
3,588 SF available for lease-up and NOI growth
Projected 9.8% pro forma cap rate upon stabilization
NNN lease structure with tenant reimbursement of operating expenses
Extensive recent capital improvements including Class A-style façade, parking lot upgrades, LED lighting, and exterior enhancements
Incoming restaurant tenant completing build-out, expected to open soon
Excellent visibility along N. 1st Street with convenient access to Interstate 20
Located within an established retail corridor surrounded by national and regional retailers
Strong regional economy supported by healthcare, education, military, and technology employment
Positioned to benefit from the multi-billion-dollar OpenAI "Stargate" AI Data Center investment in Abilene
Ideal opportunity for private investors, family offices, and 1031 exchange buyers seeking current income with value-add upside

North Abilene Retail Corridor
Primary Trade Corridor:
N. 1st Street is one of Abilene's established commercial corridors.
Direct access to I-20.
Serves residents north of downtown plus interstate travelers.
Nearby Demand Drivers:
Hendrick Medical Center
Abilene High School
Texas Tech Health Sciences Center
Abilene Christian University
Dyess AFB commuters
Downtown employment
Retail Synergy
Nearby retailers:
7-Eleven
Dollar General
Harbor Freight
O'Reilly
United Supermarkets
Sonic
CVS
Walgreens
H-E-B
McDonald's
Transportation
Highlight:
I-20 access
US 83/84
Highway 277
Regional airport
Consumer Draw
The center serves:
Daily commuters
Healthcare employees
Students
Neighborhood residents
Service businesses
Regional visitors