Heritage Center - Mixed Use Property

For Sale

100 South University Blvd, Kingsville, TX

This Kingsville property for sale is located at 100 South University Blvd. The current listed sale price for Heritage Center - Mixed Use Property is $3,100,000.

Contacts

broker

Clinton D. Oldham

Oldham Goodwin

(979) 268-2000 x 979977

Property Details

Oldham Goodwin is pleased to present the Heritage Center, a mixed-use retail and student housing property in Kingsville, Texas for your consideration. The Heritage Center, constructed in 2016, is situated at a gateway entry to Texas A&M Kingsville (over 6,500 students), at the corner of University Boulevard and King Avenue. The property has a 12,000 SF retail footprint on the first floor, and 20 student housing rental units on the second floor. Heritage Center offers stable in-place income and significant upside through retail lease-up and rent growth.

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Highlights

  • Excellent location near Texas A&M Kingsville
  • Excellent location at the corner of University Blvd and King Avenue
  • Less than a mile from Texas A&M Kingsville, fall 2023 enrollment of over 6,500 students
  • Prominent visibility and exposure, with frontage and access on three sides
  • Mixed use property with diversified income stream
  • 12,000 SF of retail on the first floor, 20 apartment units on the second floor.
  • Apartments are 100% occupied with a waiting list for move-ins.
  • Retail space is 66% leased, NNN leases with over 4 years of WALT
  • Upside income potential through lease-up and rent growth
  • Consistent rent growth on apartments and continued strong demand.
  • Three unoccupied retail suites in vanilla shell condition are available.
  • One unoccupied, finished out, end cap suite with a take-out window available.
  • Tight retail market with little vacant retail space available near campus.
  • Newer construction property in excellent condition
  • Well maintained property built in 2016.
  • Low maintenance steel construction.
  • On-site management staff provides attention to detail for absentee owners.

Attachments

Getting around

  • 78/100

    Walk Score ®

  • 51/100

    Bike Score ®

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Location

  • City Kingsville, TX
  • Market Corpus Christi

Points of Interest

  • H-E-B Fuel

    0.21 miles

  • Love's

    1.48 miles

  • Valero

    1.59 miles

  • Murphy USA

    2.04 miles

  • Shell

    2.23 miles

  • Executive Inn Kingsville

    1.30 miles

  • Super 8

    1.34 miles

  • Motel 6

    1.34 miles

  • Econo Lodge

    1.34 miles

  • Quality Inn Kingsville Hwy 77

    1.35 miles

  • Americas Best Value Inn

    1.47 miles

  • La Quinta Inn & Suites Kingsville

    1.93 miles

  • Hampton Inn Kingsville

    1.97 miles

  • Holiday Inn Express

    2.15 miles

  • TownePlace Suites by Marriott Kingsville

    2.21 miles

  • H-E-B

    0.21 miles

  • Wild Horse Mall

    1.80 miles

  • Walmart Supercenter

    2.15 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Clinton D. Oldham

Oldham Goodwin

(979) 268-2000 x 979977