Killeen, Texas, is an attractive destination for investors seeking to capitalize on the city's growing economy and strategic location. With a population exceeding 127,000, Killeen offers a diverse range of retail properties for sale, providing opportunities for entrepreneurs and businesses to establish a strong presence in the area. Retail properties in Killeen can represent a variety of investments, from strip centers and shopping malls to freestanding buildings and restaurants. These properties often benefit from the city's proximity to Fort Hood, a major military installation that drives economic growth and attracts a steady stream of visitors. Killeen's amenities, infrastructure, location, education, and geography make it an attractive place to invest in retail properties. For instance, the city is home to Central Texas College and Texas A&M University-Central Texas, which attract students and faculty who frequent local businesses. Additionally, Killeen's transportation infrastructure, including the Killeen–Fort Hood Regional Airport and major highways, makes it easily accessible to residents and visitors alike. The city's attractions, such as Vive Les Arts Theatre and the Andy K. Wells Hike and Bike Trail, also contribute to its appeal as a great place for business and travel.
Killeen's retail properties for sale offer a unique opportunity to tap into the city's growing economy. With 14 available listings, investors can find properties that suit their needs and budget. In addition to retail properties, Killeen also offers shopping centers, restaurants, office properties, and hotels for sale. Shopping centers in Killeen, such as those along Interstate 14/U.S. Highway 190, provide a hub for local commerce and attract visitors from surrounding areas. Restaurants in Killeen, like those near Fort Hood, cater to the military community and civilians alike. Office properties in Killeen, such as those near the Killeen–Fort Hood Regional Airport, offer convenient locations for businesses. Hotels in Killeen, like those along Business Loop 190, provide accommodations for visitors and support the city's tourism industry. Overall, Killeen's retail properties for sale offer a compelling investment opportunity in a city with a strong economy and growing population.
What is the average cap rate for retail properties in Killeen?
When it comes to retail properties in Killeen, investors can expect an average cap rate of 6.28%, which is a key metric to consider when evaluating the potential return on investment. To learn more about how cap rates work and what they mean for your investment, check out our article on what is a cap rate, which provides a comprehensive overview of this important concept.
How do location and foot traffic affect retail property values?
In Killeen, Texas, the location of a retail property significantly impacts its value, with properties situated near major highways, such as Interstate 14/U.S. Highway 190, and close to Fort Hood, a major military installation, tend to attract higher foot traffic and, consequently, higher property values. Additionally, retail properties in areas with high population density, like Marlboro Heights, and those with easy access to amenities, such as the Metroplex Hospital and Seton Medical Center Harker Heights, are likely to benefit from increased foot traffic and higher property values.
