Contacts

Eliud Sangabriel, CCIM

SVN | Trinity Advisors

Property Details

Property Type Retail - Strip
Property Size 17,570 SF
Units 6
Lot Size 1.25 Acre
Property Tenancy Multi-Tenant
Year Built 1960
Year Renovated 2023
Date Updated Aug 14, 2026

Signalized cornerThe Shops at Northpark – Abilene offers investors the opportunity to acquire a recently renovated, 17,570-square-foot neighborhood retail center at an attractive basis of approximately $115 per square foot. The property generates approximately $151,943 in current NOI, representing a 7.50% going-in cap rate, with a defined lease-up strategy projected to increase stabilized NOI to approximately $198,539 and the cap rate to 9.80%. The center benefits from 230 feet of frontage along North 1st Street, a 2.71-acre site, NNN reimbursement structures and significant improvements completed in 2023. Approximately 3,588 square feet remains available for lease, while an incoming restaurant tenant is completing its buildout, creating near-term momentum and additional income-growth potential. Nearby retailers: 7-Eleven Dollar General Harbor Freight O'Reilly United Supermarkets Sonic CVS Walgreens H-E-B McDonald's Transportation Highlight: I-20 access US 83/84 Highway 277 Regional airport Consumer Draw The center serves: Daily commuters Healthcare employees Students Neighborhood residents Service businesses Regional visitors

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Highlights

$151,943 current NOI and 7.50% going-in cap rate
2.71-acre site with approximately 230 feet of North 1st Street frontage
Abilene economic expansion supported by healthcare, education, military and AI infrastructure investment
Approximately 109,427 residents within five miles, with projected continued household growth
Attractive $115/SF acquisition basis
Clearly identifiable lease-up opportunity totaling approximately 3,588 SF
Established service-retail corridor near healthcare, education and employment drivers
Incoming restaurant tenant completing improvements
Modernized faade, upgraded parking areas, LED lighting and site enhancements
NNN leases structured to reimburse operating expenses
Projected $198,539 stabilized NOI and 9.80% pro forma cap rate
Suitable for private investors, family offices and 1031-exchange buyers