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Investment Highlights

  • Central location
  • Major street
  • Walking distance
  • Great Visibility

Executive Summary

REDUCED and FULLY RENTED - Excellent income property in the heart of Killeen. Corner Pocket Pool Hall, Cloud Vape and Smoke, Church and Papa Johns Pizza. Large open parking area, lighted marquis.

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $276,444 $17.50
Other Income - -
Vacancy Loss - -
Effective Gross Income $276,444 $17.50
Taxes - -
Operating Expenses - -
Total Expenses $56,242 $3.56
Net Operating Income $220,202 $13.94

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $276,444
Annual Per SF $17.50
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $276,444
Annual Per SF $17.50
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $56,242
Annual Per SF $3.56
Net Operating Income (CAD)
Annual $220,202
Annual Per SF $13.94

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,795 SF
Building Class
B
Year Built
1995
Price
$3,245,820 CAD
Price Per SF
$205.50 CAD
Cap Rate
6.15%
NOI
$199,667 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.99 AC
Zoning
B-5 - No liquor sales or consumption, no gaming or entertainment of any kind will be allowed in any suites as long as Corner Pocket is still in business.
Parking
50 Spaces (3.28 Spaces per 1,000 SF Leased)
Frontage
210’ on E Veterans Memorial Blvd

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signalized Intersection

About 202 E VETERANS MEMORIAL BLVD , KILLEEN, TX 76541

FULLY RENTED :Excellent location for this young plaza/shopping center. Very attractive all dark glass front.

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Christiana Iglesia
  • Educational Services
  • 2,400 SF
  • $10.70 CAD
  • Single Net
  • May 2026
  • Cloud Smoke and Vape
  • Arts, Entertainment, and Recreation
  • 2,349 SF
  • $17.98 CAD
  • Modified Gross
  • Dec 2027
  • Corner Pocket
  • -
  • 9,234 SF
  • $16.42 CAD
  • Triple Net
  • Jun 2027
  • Accommodation and Food Services
  • -
  • -
  • -
  • Mar 2027

Papa Johns began in 1984 when founder John Schnatter converted a broom closet into a pizza operation. The company quickly expanded through franchising and now maintains a significant international footprint. The business focuses on pizza delivery and carryout services while emphasizing fresh ingredients. Their product lineup includes various pizza styles, sides, desserts, and beverages. Though originally based in Indiana, the brand developed a global presence through both company-owned and franchised locations. The company's commitment to quality ingredients remains central to its operations.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Christiana Iglesia Educational Services 2,400 SF $10.70 CAD Single Net May 2026
Cloud Smoke and Vape Arts, Entertainment, and Recreation 2,349 SF $17.98 CAD Modified Gross Dec 2027
Corner Pocket - 9,234 SF $16.42 CAD Triple Net Jun 2027
Accommodation and Food Services - - - Mar 2027
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Major Retailers

H-E-B
Verabank
Planet Fitness
Buddy's Home Furnishings
Rent-A-Center
Starbucks
Denny's
IHOP
Navy Federal Credit Union

Property Taxes

Property Taxes

Parcel Number
132801
Land Assessment
$209,127 CAD (2025)
Improvements Assessment
$2,395,972 CAD (2025)
Total Assessment
$2,605,099 CAD (2025)
  • Listing ID: 31342727

  • Date on Market: 2019-08-26

  • Last Updated:

  • Address: 202 E Veterans Memorial Blvd, Killeen, TX 76541

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