Gatesville Retail Center

The Offering

• RESOLUT RE is pleased to present Gatesville Retail Center, a 100% leased, ±17,768-square-foot multi-tenant retail center on the primary retail corridor of Gatesville, Texas — the seat of Coryell County. The property is anchored by UTMB (The University of Texas Medical Branch), a State of Texas / UT System credit, and is complemented by East Garden Chinese Buffet and a nationally branded Anytime Fitness franchise. The center sits directly across E. Main Street from a shadow-anchoring H-E-B, Texas's dominant grocer. The property is offered at $2,650,000 — a 7.84% capitalization rate on Year 1 stabilized net operating income ($149.14 per square foot).

Investment Summary

• Gatesville Retail Center is a 100% leased, ±17,768 SF multi-tenant center anchored by UTMB (The University of Texas Medical Branch) — a State of Texas / UT System credit occupying roughly a third of the GLA and over half of base rent under a gross lease with two five-year options. The rent roll has effectively been recapitalized: UTMB (2025) and East Garden Chinese Buffet (2026) are newly executed and Anytime Fitness renewed in 2023. Net operating income climbs from $178,847 today to a stabilized $207,631 in Year 1 as East Garden reaches full rent in January 2027 — a 7.84% cap at the $2,650,000 price, with growth already written into signed leases. The asset pairs an internet-resistant medical-restaurant-fitness mix with an H-E-B shadow anchor on E. Main Street and a supply-constrained corridor with limited competing retail, plus a value-add lever in an Anytime Fitness blend-and-extend ahead of its 2028 expiration.

Investment Highlights

• Institutional medical credit anchor. UTMB (Board of Regents of The University of Texas System) — a State of Texas / UT System credit — anchors Suites A-B on a lease running into 2030–2031 with two five-year options and an exclusive-use clause. UTMB represents ~34% of GLA and over half of base rent — an investment-grade anchor rarely found in small-market retail.
• 100% leased with fresh leases. All three suites are occupied under recent leases — UTMB (2025) and East Garden (2026) newly executed, Anytime Fitness renewed (2023) — converting the center from a lease-up story into stabilized, income-producing real estate.
• Built-in NOI growth to $207,631. Net operating income climbs from $178,847 currently to a stabilized $207,631 in Year 1 as East Garden reaches full rent ($58,940) in January 2027, reinforced by ~2% annual UTMB escalations — durable income growth already under signed leases.
• H-E-B shadow anchor. The center is in proximity of an H-E-B grocery store — Texas's dominant grocer — a consistent traffic generator that underwrites the corridor's daily-needs demand.
• Internet-resistant, daily-needs mix. Medical office, sit-down restaurant, and fitness uses are service- and experience-based, insulating cash flow from e-commerce disruption.
• Prime Main Street corridor. Visible positioning on Gatesville's primary E. Main Street retail corridor (U.S. Hwy 84 / State Hwy 36) at ±18,024 vehicles per day, with 106 parking spaces (5.84 per 1,000 SF).
• Scarcity-driven submarket. Outlying Coryell County supports rent durability and defends pricing against market-size discounts.
• Clear value-add lever. An Anytime Fitness blend-and-extend ahead of its October 2028 expiration would lengthen WALT and could drive meaningful cap-rate compression and value creation.
• 1031- and financing-friendly. A sub-institutional check size backed by a credit anchor is highly financeable and well-suited to 1031 exchange and private-capital buyers.
• Stable, growing trade area. Coryell County seat with steady projected population growth (~2%) and a stable institutional/government employment base, supported by proximity to the Fort Cavazos (Fort Hood) reservation and the broader Central Texas market.

• The property is situated on E Main Street in Gatesville, TX, a prominent thoroughfare in the city that sees significant daily traffic flows.
• The surrounding area is predominantly commercial, with a mix of retail stores, restaurants, and service businesses nearby. Examples include Walmart, McDonald's, and several local shops and eateries.
• Gatesville is a growing city with a strong local economy, driven by industries such as healthcare, education, and government services due to its proximity to Fort Hood.
• The property's location offers good visibility and accessibility, making it attractive for businesses seeking high exposure to potential customers.
• The city has a stable housing market and a diverse population mix, providing a solid customer base for businesses in the area.