Hereford Corners Listing Details & Market Data

Description: Coldwell Banker Commercial, Capital Advisors is pleased to offer for sale the Hereford Corners Shopping Center at 701 N 25 Mile in Hereford, TX. This Walmart out-parcel shopping center is anchored by Hibbett Sporting Goods, Cato Fashions, and Shoe Sensation. The property is located on the major thoroughfare in Hereford (Hwy 385), which provides excellent visibility and strong traffic to the subject site. Hereford, TX is located 50 miles southwest of Amarillo, TX in the heart of the Texas Panhandle. The property has a strong Tenant mix comprised of national and regional brands. It benefits from its proximity to the Walmart Supercenter that draws over 108,000 visits per month from a trade area greater than 20 miles, per Placer.ai. With such a broad trade area, Hereford businesses draw from a pool of over 200,000 people per the Hereford EDC. The shopping center is also in close proximity to Hereford's major economic drivers - Hereford Independent School District, Hereford Regional Medical Center. Highlights: Sales Price - $3,800,000 Cap Rate - 8.25% NOI - $313,464 Staggered Lease Expirations NNN Leases (Landlord is responsible for roof and structure) Shadow anchored by Walmart Supercenter drawing 108k visits per month Shopping Center fronts US Hwy 385 (12,000+ VPD) Strong Tenant mix combined of national and regional Tenants Lot sizes - 2.4 acres Year Built - 2005