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1175 FM 2673
Canyon Lake, TX 78133
Sattler Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- • 90%+ occupancy for past 10 years
- • Balanced rent roll with staggered expirations
- • HVAC units and roof replacement all in past 5 years
- • Anchor Tenant: Anytime Fitness - 10+ years
- • Upgraded parking lot in 2024
- • Supplemental Financials available upon request
EXECUTIVE SUMMARY
This 14,086+/- SF retail strip center in Canyon Lake, TX offers an exceptional opportunity with 58 parking spaces, ensuring ample convenience for customers. The property boasts a well-rounded tenant mix, including fitness, service, restaurant and office spaces, creating a vibrant community hub.
Priced below replacement cost, it provides great value for an investor while being located in the high-traffic Sattler area, the center enjoys prime frontage and visibility, maximizing exposure to potential customers and enhancing its appeal.
Priced below replacement cost, it provides great value for an investor while being located in the high-traffic Sattler area, the center enjoys prime frontage and visibility, maximizing exposure to potential customers and enhancing its appeal.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,589 SF
Building Class
C
Year Built
1975
Price
$2,893,380 CAD
Price Per SF
$198.33 CAD
Cap Rate
8.35%
NOI
$241,712 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.42 AC
Zoning
Commercial - Commercial
Parking
45 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 74-0219-0086-00 | Improvements Assessment | $2,088,049 CAD |
| Land Assessment | $413,145 CAD | Total Assessment | $2,501,194 CAD |
PROPERTY TAXES
Parcel Number
74-0219-0086-00
Land Assessment
$413,145 CAD
Improvements Assessment
$2,088,049 CAD
Total Assessment
$2,501,194 CAD
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