2117 S Loop 256 - Freestanding FOR SALE


Palestine, TX 75801
$3,245,000 USD
918-794-9516
2117 S Loop 256, Palestine, TX for Sale
$3,245,000 USD
Freestanding - FOR SALE
1/4
null | 5.6% Cap Rate

2117 S Loop 256
Palestine, TX 75801


HIGHLIGHTS

  • Ranked #4 Global Retailer by National Retail Federation
  • Single-Tenant Net Lease Grocery
  • Strategically Located Retail Corridor
  • New Lease Structure with Rental Increases
  • Newly Renovated Building

OVERVIEW

Northmarq Commercial is pleased to offer to qualified investors a single-tenant retail property, 100% leased to ALDI, located in Palestine, TX (the “Property”). The Property consists of a ± 25,064 SF building on ±2.54 acres of land. ALDI will be operating under a brand new ten (10) year NN lease featuring six (6), five (5) year renewal options with roughly 5% rental increases during the lease term and approximately 8% increases in each option. in Association With Chris Adams, TX License #619855.

FOR SALE DETAILS

PRICE

$3,245,000 USD

PRICE/SF

$128 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ALDI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.54 AC

LAND SF

110,642 SF

ZONING

-

APN/PARCEL ID

R837175

ASK ABOUT THIS PROPERTY

Chad ByerlyNorthmarqMore Info
918-794-9516

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Chad ByerlyNorthmarqMore Info
918-794-9516

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