1514 W Henderson St - Auto Repair FOR SALE


Cleburne, TX 76033
$2,083,333 USD
332-345-4222
1514 W Henderson St, Cleburne, TX for Sale
$2,083,333 USD
Auto Repair - FOR SALE
1/2
null | 6% Cap Rate

1514 W Henderson St
Cleburne, TX 76033


HIGHLIGHTS

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Corporate Guarantee from Driven Funding Holdco, LLC (3,500+ Units)
  • Attractive Rental Increases | 1.50% Annually Starting Year 2

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 1514 West Henderson Street in Cleburne, Texas. The site consists of roughly 1,682 rentable square feet of building space on estimated 0.78-acre parcel of land. This Take 5 Oil Change is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. The current annual rent is $125,000 and is scheduled to increase by 1.50% annually and in each of the 4, 5-year renewal options.

FOR SALE DETAILS

PRICE

$2,083,333 USD

PRICE/SF

$1,239 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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