Marcus & Millichap is pleased to present the opportunity to acquire a 40,726-square-foot, multi-tenant retail center that is located in a dense retail trade corridor of Killeen, Texas. The tenant base is a complementary mix of internet-resistant, service-oriented businesses, including Tactical Rehabilitation, University of Maryland, Coldwell Banker, & Nailcure. All of the 11 stores are on triple-net leases, and a majority are national tenants. There are 17 2-bedroom, one 1-bedroom, and one 3-bedroom apartment suites on the second level above the retail stores. The center was constructed in 2015 and is situated on 2.66 acres with ample paved parking on all four sides. A large double-sided monument sign is positioned at the front entrance.
The subject property is located on Clear Creek Road with excellent visibility. The Village at Clear Creek is accessible from multiple ingress and egress points and benefits from high traffic counts off of Interstate 14 with over 96,303 vehicles per day. The center is shadow- anchored by Walmart Neighborhood Market, and numerous other national and regional retailers are in the surrounding area, including Family Dollar, McDonald’s, AutoZone, Burger King, Starbucks, and Jersey Mike’s. The Village at Clear Creek is located across from AdventHealth Medical Center. The hospital employs over 1,200 people and is part of the 10th-largest hospital system in the country. New developments in the area include Anthem Park, a 203-acre, mixed-use area just eight miles from the subject property. It will feature retail and entertainment, residential areas, and offices spaces.
- 40,726-Square-Foot, High-Performing Multifamily and Retail Center
- 100% Occupied with a Mix of Triple-Net and Gross Leases
- Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses | National Tenants Included in the Mix
- Optimal Synergy between Multifamily and Retail Components, with each Element Driving Traffic and Value to the Other While Providing Built-in Amenities for Both Residents and Retail Tenants
- Situated on a 2.66-Acre Parcel with Ample Paved Parking Spaces
- Within One Mile of Interstate 14 with Excellent Visibility | Over 96,000 Vehicles Per Day
- Significantly Below Market Rents for Both the Retail and Multifamily Portions
- Shadow-Anchored to Walmart Neighborhood Market | Nearby National and Regional Retailers Include Family Dollar, McDonald’s, AutoZone, Burger King, Starbucks, and Jersey Mike’s
- Located Across from AdventHealth Medical Center | Employs over 1,200 People in the Area | The AdventHealth System is the 10th-Largest Hospital System in the Country
- Proximity to Shoemaker High School | Current Enrollment of 2,258 Students
- Over 122,000 People Within Five Miles of the Property | Population Expected to Increase by nearly 24,000 in the next Five Years
- Fort Hood, One of the Nation’s Most Notable Military Bases, Located One Mile Away | Third-Largest Military Base in the World | $25 Billion Annual Economic Impact on Regional Economy | Employs Roughly 70,000 Military Personnel, Contractors, and Civilian Employees
- 60 Miles North of Downtown Austin
