505 SE 323 Loop - Auto Repair FOR SALE


Tyler, TX 75702
$1,933,000 USD
914-498-2225
505 SE 323 Loop, Tyler, TX for Sale
$1,933,000 USD
Auto Repair - FOR SALE
1/4
null | 5.25% Cap Rate

505 SE 323 Loop
Tyler, TX 75702


HIGHLIGHTS

  • Brand New 20-Year Deal | Annual Increases | New Construction | Corporate Signed
  • Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities | No State Income Tax
  • Near Signalized, Hard Corner Intersection | Dense Retail Corridor | Across from Walmart Supercenter | Nearby College & Hospital
  • Local Demographics in 5-mile Trade Area | Consumer Base

OVERVIEW

• Brand new 20-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site • The franchisee signed lease features 2% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation • Brand new construction with high-quality materials and a innovative design • Take 5 Oil Change® expands total footprint to over 800 locations across the U.S. and Canada, with over 950 additional locations in pipeline, providing a multi-year runway for growth

FOR SALE DETAILS

PRICE

$1,933,000 USD

PRICE/SF

$1,289 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change | Brand New Construction

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

-

APN/PARCEL ID

1-50000-1261-00-023040

ASK ABOUT THIS PROPERTY

Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

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Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

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