The Shops at Abilene Village

Price: $22,808,000
Sq. Ft.: 144,155
Cap Rate: 7.0%
Built: 2018

The Shops at Abilene Village is a stabilized 144,155-square-foot, multi-tenant regional shopping center located in Abilene, Texas. The center is 100 percent occupied with all national credit, publicly traded tenants including Academy Sports + Outdoors, Burlington, Petco, Party City, and Five Below. All leases are triple-net, and all tenants have five to ten years remaining on the primary term with multiple renewal options. Constructed in 2018, the subject property is situated on a large 11.465-acre lot with ample paved parking. A large monument sign provides additional exposure to the center.

The subject property is located on South Clack Street with strong freeway visibility from U.S. Highway 83 which sees over 119,706 vehicles per day. The center benefits from multiple ingress and egress points while strategically positioned in Abilene’s primary retail corridor. The Shops at Abilene Village sits adjacent to the Shops at Abilene, a 176,000-square-foot lifestyle center with over thirty stores including Michael’s, Ross Dress for Less, PetSmart, Big Lots, JoAnn Fabric and Craft Stores, Dollar Tree, TJ Maxx, Bealls, Carter’s, Shoe Carnival, and many others. The Mall of Abilene, a 680,000-square-foot regional mall, is less than two miles from the subject property and is anchored by Dillard’s, JCPenney, Best Buy, and Hendrick Health (anticipated to open in 2023). Additional national and regional retailers nearby include Walmart, Starbucks, Chick-Fil-A, GameStop, Verizon, Target, Lowe’s, Raising Cane’s Chicken Fingers, Wingstop, and many more. The Shops at Abilene Village is in close proximity to many school campuses, providing additional traffic to the area. The center is located in a densely populated area, serving 105,174 residents within a five-mile radius.

    • 144,155-Square-Foot, Multi-Tenant Regional Shopping Center | Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net
    • 100% National Credit Tenants that are Publicly Traded Companies | Academy Sports + Outdoors (NASDAQ: ASO); Burlington (NYSE: BURL); Petco (NASDAQ: WOOF); Party City (NYSE: PRTY); and Five Below (NASDAQ: FIVE)
    • Academy Ranks in the Top 94th Percentile in Both the State of Texas and Nationally Based on Number of Annual Visitors | Five Below Ranks in the Top 86th Percentile in the State of Texas and 82nd Percentile Nationally (Source: Placer.AI)
    • All Leases Have 5-10 Years Remaining on the Primary Terms with Multiple Renewal Options
    • Building is 2018 Construction | Large 11.465-Acre Lot with Ample Parking
    • Strategically Positioned in Abilene’s Primary Retail Corridor | Adjacent to The Shops at Abilene, a 176,000-Square-Foot Lifestyle Center with 30+ Stores | Less than Two Miles from the Mall of Abilene, a 680,000-Square-Foot Regional Mall Anchored by Dillards, JCPenney, Best Buy, and Hendrick Health (Coming in 2023)
    • Freeway Location that Benefits from Extremely High Traffic Counts of 119,706 Vehicles Per Day
    • The Subject Property is Seven Miles from Dyess Air Force Base | Home to Approximately 14,182 Military, Civilians, and Dependents | Economic Impact of $528+ Million Across the Big Country
    • Abilene Serves as a Regional Hub for a 22-County Trade Area Known as The Big Country
    • Attractive Assumable Financing In Place | 4.5% Interest Rate
    • Priced at $158 Per Square Foot