Retail•Free Standing Building•For Sale

Take 5 Oil Change, NNN-Lease Offering

1565 11th Street, Huntsville, Texas 77340

Sale Price $885,000
Sale Type Net Lease Investment
Bldg Type Single Tenant
Year Built 2001
Vacancy 100%
Gross Bldg 2,213 SqFt
Land Area .34 Acres
Improvements A short walk next door to CVS Pharmacy. Rectangular in shape, with some trees on the east end of the property, providing morning shade.
10 year corporate ground lease - commenced August 11, 2016. Remaining term is 7 years as of August 11, 2019. Lease has four (4) option periods of five (5) years each. Lease rate is fixed for first 10 year term, then increases 10% each 5 year renewal period. Fabulous location near the intersection of Hwy 75 and 11th street (Hwy 190), the major east/west thoroughfare through the city of Huntsville. A traffic count of more than 22,000 per day, it is nestled next to CVS Pharmacy, and across the street from Walgreen's, HEB Grocery, O'Reilly's Auto Parts, Enterprise Rent-A-Car, Family Dollar, and McKenzie's Barbecue. Located adjacent to the intersection of Hwy 75 and 11th street (Hwy 190), the major east/west thoroughfare through the city of Huntsville. With a traffic count of more than 22,000 per day, it is nestled next to CVS Pharmacy, and across the street from Walgreen's, HEB Grocery, O'Reilly's Auto Parts, Enterprise Rent-A-Car, Family Dollar, and McKenzie's Barbecue.
  • 7 years remaining on ground lease, as of August 11, 2019
  • Offered at a 5.76% CAP rate with 10% increases in rent for each of the 5 year renewal option periods.
  • Strong corporate guarantee from national credit tenant with over 190 locations in 12 states.
  • Absolute NNN lease with tenant responsible for all maintenance including roof and structure, plus water and sewer lines.
  • Steady growth in Huntsville, home to Sam Houston State University, multiple government agencies, and Huntsville Memorial Hospital

1 Spaces

1
2/8/2019 12:00:00 AM 8/2/2019 8:43:02 PM

LEAVE A MESSAGE

0/100
Human? type 833 below...
dummy toaster to trick _toastr script loaded by scripts.js Show Default