1252 N State Highway 123 - Auto Repair FOR SALE


San Marcos, TX 78666
$1,400,000 USD
203-887-8797
1252 N State Highway 123, San Marcos, TX for Sale
$1,400,000 USD
Auto Repair - FOR SALE
1/2
null | 6% Cap Rate

1252 N State Highway 123
San Marcos, TX 78666


HIGHLIGHTS

  • Brand New 20-Year Absolute Triple Net Sale-Leaseback with 10% Increases Every 5 Years
  • Booming Market Between Austin, TX and San Antonio, TX
  • Exponential Population Growth in Surrounding Area

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Meineke Car Care located at 1252 TX-123, San Marcos, TX 78666. The site consists of roughly 3,120 rentable square feet of building space on an estimated 0.47-acre parcel of land. This Meineke Car Care is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $84,000 and has scheduled increases of 10% every 5 years.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$400 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meineke Car Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

-

APN/PARCEL ID

R103996

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaNNN Pro GroupMore Info
203-887-8797

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Anthony D'AmbrosiaNNN Pro GroupMore Info
203-887-8797

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.