Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Year Built 1979
Building Area
Land Area ()

Property Description

JLL is pleased to offer the opportunity to acquire Wendland Plaza a regional center strategically positioned in the heart of Killeen, Texas. Located in immediate proximity to the largest employment base in the area, Fort Hood, Wendland Plaza is at the epicenter of Killeen’s transportation and population hubs.

Investment Highlights

  • MAIN AND MAIN LOCATION IN KILLEEN AT THE INTERSECTION OF I-14 AND S FORT HOOD ST WITH A COMBINED TRAFFIC COUNT OF OVER 120,000 VEHICLES PER DAY
  • POSITIONED AT THE CENTER OF KILLEEN, THE PROPERTY HAS PROXIMITY TO 170,357 RESIDENTS WITHIN A 5-MILE RADIUS, UP 42% SINCE 2000
  • FULLY STABILIZED AT 96.3% LEASED WITH 5.4 YEARS OF WALT
  • DIVERSE RENT ROLL OF NATIONAL & LOCAL RETAILERS WITH 100% TENANT RETENTION THROUGH 2020
  • CRUNCH FITNESS IS THE #2 FITNESS CENTER IN A 50 MILE RADIUS ACROSS ALL BRANDS OUT OF 79 GYMS
  • HIGHLY DEDICATED TENANT BASE WITH OVER HALF THE RENT ROLL IN PLACE FOR 9 YEARS OR GREATER AND AN OVERALL WEIGHTED AVERAGE TENURE OF 5.3 YEARS
  • ALL TENANTS HAVE PAID BACK COVID DEFERRALS IN FULL WITH THE EXCEPTION OF CRUNCH FITNESS WHICH IS CURRENTLY PAYING DOWN THEIR BALANCE PER WRITTEN AGREEMENT
  • LOCATED 1.5 MILES FROM THE NEAREST ENTRANCE TO FORT HOOD; HOME BASE FOR TWO FIGHTING DIVISIONS AND 40,000 SOLDIERS
Last Updated Date: 08 Sep 2021
Ryan West
Ryan West
Senior Managing Director, Capital Markets
License details
TX-478560
John Indelli
John Indelli
Director, Capital Markets
License details
TX-696391

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Last Updated Date: 08 Sep 2021

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