520 W Broadway Ave - Storefront Retail/Office FOR SALE


Portland, TX 78374
$627,692 USD
332-345-4222
520 W Broadway Ave, Portland, TX for Sale
$627,692 USD
Storefront Retail/Office - FOR SALE
1/2
null | 6.5% Cap Rate

520 W Broadway Ave
Portland, TX 78374


HIGHLIGHTS

  • Ideal Lease Structure | Long-Term, 15-Year NN Lease with the Greater of 2% Annual Rental Increases or Uncapped CPI-Based Increases
  • Strong Guarantee
  • Pet Care is a Recession Proof Industry | Consumers Have Spent More on Pets Year Over Year for Almost Three Decades

OVERVIEW

NNN Pro is pleased to present the exclusive listing for an Alliance Animal Health located at 520 West Broadway Ave, Portland, TX 78374. The site consists of roughly 2,209 rentable square feet of building space on an estimated 0.2-acre parcel of land. This Alliance Animal Health is subject to a 15-year Double Net (NN) lease, which commenced 12/20/2023. The current annual rent is $40,800 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$627,692 USD

PRICE/SF

$284 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alliance Animal Health

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 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.