8915 US Highway 175 W - Freestanding FOR SALE


Cuney, TX 75759
$1,189,000 USD
972-755-5205
8915 US Highway 175 W, Cuney, TX for Sale
$1,189,000 USD
Freestanding - FOR SALE
1/4
null | 9% Cap Rate

8915 US Highway 175 W
Cuney, TX 75759


HIGHLIGHTS

  • Absolute Net Lease with 4.3 Years Remaining
  • Corporate Guarantee from Spec’s, The Largest Liquor Store Chain in Texas with 200+ Locations
  • Prime Location in a Mostly Dry County – Minimal Competition
  • Located in the Tyler–Jacksonville, TX CSA – Population: 297,426

OVERVIEW

The property consists of a 7,875-square-foot, freestanding building that sits on 3.28 acres of land. The lease features 10 percent rent increases every five years in the options. Nearby Smith County, including larger cities like Tyler, permits only beer and wine sales, with liquor sales prohibited. The subject property, located just across the county line in Cherokee County, can sell beer, wine, and liquor. This strategic location makes the property a destination retailer and allows for liquor delivery to adjacent dry areas.

FOR SALE DETAILS

PRICE

$1,189,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spec’s (Absolute Net Lease)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.28 AC

LAND SF

142,877 SF

ZONING

-

APN/PARCEL ID

000104303000

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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