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2602 S Gregg St 25,872 SF 100% Leased Retail Building Big Spring, TX 79720 $4,359,000 ($168.48/SF) 8% Cap Rate
Investment Highlights
- 100% Occupied Multi-Tenant Retail Center
- NNN Lease Structure
- Service-Oriented, In-Person Tenant Mix
- Established National and Regional Tenancy
Executive Summary
Graystone Capital Advisors is pleased to present the opportunity to acquire Coronado Plaza at 2602 S.? Gregg Street in Big Spring, TX.? The property features a 25,601 SF multi-tenant retail center on a 6.96-acre parcel, originally constructed in 1980 and located at the signalized intersection of S.? Gregg Street/U.?S.? Highway 87 and West Marcy Drive in Howard County.?
The asset is 100% occupied by a complementary mix of five national and regional retailers — Boot Barn, Hibbett Sports, Anytime Fitness, Dickey’s Barbecue Pit, and Vital Care Urgent Care — all operating under triple-net leases.?
The asset is 100% occupied by a complementary mix of five national and regional retailers — Boot Barn, Hibbett Sports, Anytime Fitness, Dickey’s Barbecue Pit, and Vital Care Urgent Care — all operating under triple-net leases.?
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
25,872 SF
Year Built
1980
Price
$4,359,000
Price Per SF
$168.48
Cap Rate
8%
NOI
$348,720
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
6.96 AC
Zoning
LC – Light Commercial - Retail, office, restaurant, auto service and other low-intensity commercial uses.
Frontage
428’ on S Gregg St
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 295446 | Improvements Assessment | $1,505,437 |
| Land Assessment | $649,220 | Total Assessment | $2,154,657 |
Property Taxes
Parcel Number
295446
Land Assessment
$649,220
Improvements Assessment
$1,505,437
Total Assessment
$2,154,657
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2602 S Gregg St
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