Abilene Shopping Center I

Signalized cornerThe Shops at Northpark – Abilene offers investors the opportunity to acquire a recently renovated, 17,570-square-foot neighborhood retail center at an attractive basis of approximately $115 per square foot. The property generates approximately $151,943 in current NOI, representing a 7.50% going-in cap rate, with a defined lease-up strategy projected to increase stabilized NOI to approximately $198,539 and the cap rate to 9.80%. The center benefits from 230 feet of frontage along North 1st Street, a 2.71-acre site, NNN reimbursement structures and significant improvements completed in 2023. Approximately 3,588 square feet remains available for lease, while an incoming restaurant tenant is completing its buildout, creating near-term momentum and additional income-growth potential. 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