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Piazza Luna 2419 Palermo Pky 6,745 SF 82% Leased Retail Building Temple, TX 76502 For Sale
INVESTMENT HIGHLIGHTS
- Anchored by a ten (10) year NNN lease with Leon River Endodontics.
- Opportunity to increase income through lease up of final vacancy, currently 82% occupied.
- Phase 2 development plans have been approved, and are available upon request.
- NNN Lease structure allows for minimal Landlord oversight and management responsibility.
- Great opportunity to develop Phase 2 on the remaining2.5 acres of land to add an additional 19,000 SF of building space.
- Exposure to over 16,000 VPD on South 31 Street and over 18,000 VPD on FM 93.
EXECUTIVE SUMMARY
OLDHAM GOODWIN is pleased to present Piazza Luna, a premier investment opportunity located in Temple, Texas. This 6,475 SF Class A business park features three well established tenants under NNN lease agreements, along with the opportunity to develop six additional buildings. The tenant roster includes Integrity Rehab office alongside Dr. Scott Thayer’s Leon River Endodontics, and Vivo Infusions - each providing essential healthcare services and contributing to a reliable income stream. This is a great opportunity acquire an ongoing project, with future upside through the development of Phase 2 on the remaining 2.5 acres of land, with plans are approved to add an additional 19,000 square feet of building space.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
6,745 SF
Building Class
B
Year Built
2021
Percent Leased
82%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
2.79 AC
Zoning
GR - General Retail
Frontage
550’ on South 31st Street
PROPERTY TAXES
| Parcel Number | 488744 | Improvements Assessment | $1,333,721 CAD |
| Land Assessment | $424,681 CAD | Total Assessment | $1,758,402 CAD |
PROPERTY TAXES
Parcel Number
488744
Land Assessment
$424,681 CAD
Improvements Assessment
$1,333,721 CAD
Total Assessment
$1,758,402 CAD
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Piazza Luna | 2419 Palermo Pky
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