500 College Ave - Auto Repair FOR SALE


Borger, TX 79007
$1,652,174 USD
332-345-4222
500 College Ave, Borger, TX for Sale
$1,652,174 USD
Auto Repair - FOR SALE
1/2
null | 5.75% Cap Rate

500 College Ave
Borger, TX 79007


HIGHLIGHTS

  • Long-Term 20-Year NNN Sale-Leaseback
  • Strong Corporate Guarantee
  • 20 Years of Renewal Options
  • Attractive Annual Rental Increases

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 500 College Avenue, Borger, TX 79007. The site consists of roughly 1,415 rentable square feet of building space on an estimated 0.53-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $95,000 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$1,652,174 USD

PRICE/SF

$1,168 USD /SF

CAP RATE

5.75%

% 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

2025

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

IC-4

APN/PARCEL ID

96718

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.