Killeen, Texas, is an attractive destination for investors seeking to capitalize on the city's growth and development. With a population exceeding 127,000, Killeen offers a diverse range of investment opportunities, including shopping centers. These properties can represent a stable source of income, as they often feature a mix of local and national tenants, providing a consistent revenue stream. Shopping centers in Killeen can also benefit from the city's proximity to Fort Hood, a major military installation, which drives economic activity and attracts visitors. The city's infrastructure, including Skylark Field and Killeen–Fort Hood Regional Airport, Hill Country Transit District (The HOP), and major highways like Interstate 14/U.S. Highway 190, Business Loop 190, State Highway 195, and Spur 172, further supports the viability of shopping centers as a solid investment opportunity. Additionally, Killeen is home to several educational institutions, such as Central Texas College and Texas A&M University-Central Texas, which can contribute to the local economy and attract visitors. The city's amenities, including Metroplex Hospital, Seton Medical Center Harker Heights, and the Olin E. Teague Veterans' Medical Center, as well as parks like Lions Club Park, Long Branch Park, and Conder Park, make it an attractive place to live, work, and invest.
Killeen's shopping centers offer a unique investment opportunity, with 2 listings available. The average price per square foot for shopping centers in Killeen is $172 USD, with an average size of 15,272 square feet. The largest shopping center available is 15,795 square feet, offering ample space for a variety of tenants. With an average cap rate of 5.78%, shopping centers in Killeen can provide a stable source of income for investors. In addition to shopping centers, Killeen also offers other investment opportunities, including restaurants, specialty properties, land, and office properties. Restaurants in Killeen can benefit from the city's growing population and proximity to Fort Hood, while specialty properties, such as those catering to the military community, can offer a unique investment opportunity. Land and office properties in Killeen can also provide a solid investment opportunity, with the city's growing economy and infrastructure supporting development and growth. Overall, Killeen's shopping centers and other investment opportunities offer a diverse range of choices for investors seeking to capitalize on the city's growth and development.
What is the average cap rate for shopping centers in Killeen?
The average cap rate for shopping centers in Killeen is 5.78%, making it an attractive investment opportunity for those looking to capitalize on the city's growing economy and proximity to Fort Hood.
