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Views: 26 DOM: 29 Updated: 10.01.24 Posted: 10.01.24 Status: Active

Summary

Price $4,615,000
Built/Renov 2000
Tenant Murdoch's Ranch & Home Supply
Cap Rate 6.50%
Lease Type Double NN
Guarantor Corporate
Size/SF 53,704
Lease Start 11-01-2024
#Units 40
Price/SF $85.93
Expiration 10-31-2034
Tenant Type General Retail
NOI $300,000
R. Term 10.0
Ownership Fee Simple
Rent/SF $5.59
Increases 2.0%/1/yrs
Pop 5Mi 42,276
Lot/AC 7.91
Options 3/5yrs/2%
AHHI 5Mi $91,527

Lease Highlights

  • The tenant recently signed a brand new 10-year lease with 3 (5-year) options to extend
  • The lease features 2% rental increases throughout the initial term and option periods
  • NN lease | Fee simple ownership | Limited landlord responsibilities
  • Corporate guaranteed lease

Location Description

Murdoch’s Ranch & Home Supply is strategically located on I-10, with access to a high daily traffic count of 51,200 vehicles. The property is situated in the heart of Seguin’s industrial corridor and is less than a mile from Home Depot. Additionally, it is within walking distance of a newly built QuikTrip, Stripes, and Discount Tire. The immediate area features other prominent national...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Murdoch's Ranch & Home Supply, founded by John Murdoch in 1994, is a privately held company that operates over 40 locations across the western United States, providing a wide range of products...


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Listing Broker

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