- For Sale $3,100,000
- Property Type Other
- Date Updated Apr 24, 2024
- Website heritagecentermixeduseproperty.sharplaunch.com
Oldham Goodwin is pleased to present the Heritage Center, a mixed-use retail and student housing property in Kingsville, Texas for your consideration. The Heritage Center, constructed in 2016, is situated at a gateway entry to Texas A&M Kingsville (over 6,500 students), at the corner of University Boulevard and King Avenue. The property has a 12,000 SF retail footprint on the first floor, and 20 student housing rental units on the second floor. Heritage Center offers stable in-place income and significant upside through retail lease-up and rent growth.
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Attachments
Highlights
- Excellent location near Texas A&M Kingsville
- Excellent location at the corner of University Blvd and King Avenue
- Less than a mile from Texas A&M Kingsville, fall 2023 enrollment of over 6,500 students
- Prominent visibility and exposure, with frontage and access on three sides
- Mixed use property with diversified income stream
- 12,000 SF of retail on the first floor, 20 apartment units on the second floor.
- Apartments are 100% occupied with a waiting list for move-ins.
- Retail space is 66% leased, NNN leases with over 4 years of WALT
- Upside income potential through lease-up and rent growth
- Consistent rent growth on apartments and continued strong demand.
- Three unoccupied retail suites in vanilla shell condition are available.
- One unoccupied, finished out, end cap suite with a take-out window available.
- Tight retail market with little vacant retail space available near campus.
- Newer construction property in excellent condition
- Well maintained property built in 2016.
- Low maintenance steel construction.
- On-site management staff provides attention to detail for absentee owners.
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Contacts
Location
Getting Around
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Walk Score ®
78/100
Very Walkable
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Bike Score ®
51/100
Bikeable
- City Kingsville, TX
- Market Corpus Christi
Points of Interest
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H-E-B Fuel
0.21 miles
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Love's
1.48 miles
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Valero
1.59 miles
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Murphy USA
2.04 miles
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Shell
2.23 miles
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Executive Inn Kingsville
1.30 miles
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Super 8
1.34 miles
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Motel 6
1.34 miles
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Econo Lodge
1.34 miles
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Quality Inn Kingsville Hwy 77
1.35 miles
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Americas Best Value Inn
1.47 miles
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La Quinta Inn & Suites Kingsville
1.93 miles
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Hampton Inn Kingsville
1.97 miles
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Holiday Inn Express
2.15 miles
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TownePlace Suites by Marriott Kingsville
2.21 miles
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Boat 'N Net Drive Inns
0.62 miles
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Whataburger
0.67 miles
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Chick-fil-A
1.13 miles
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Chick-fil-A
2.11 miles
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IHOP
2.19 miles
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Whataburger
2.20 miles
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Chili's
2.21 miles
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McDonald's
2.25 miles
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Dairy Queen
6.35 miles
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Austin School
0.25 miles
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Saint Martins School
0.40 miles
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Kleberg Elementary School
0.45 miles
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Kleburg School
0.46 miles
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Epiphany Episcopal School
0.52 miles
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Kingsville Independent School District - Laser School
0.56 miles
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Lamar Elementary School
0.58 miles
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Henrietta M King High School
0.62 miles
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Homebound School - Kingsville
0.63 miles
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Gillett School
0.86 miles
Frequently Asked Questions
What is the lease rate for Heritage Center - Mixed Use Property ?
Rental asking rate at Heritage Center - Mixed Use Property is $1,550,000.00/YR.
What is the total square footage of Heritage Center - Mixed Use Property ?
Heritage Center - Mixed Use Property totals 1 square feet.
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