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| Price $2,855,000 | Built/Renov 1950/2023 | Tenant SQRL |
| Cap Rate 7.25% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
3,456
| Lease Start
04-21-2023
| #Units
139
|
| Price/SF $826.10 | Expiration
04-30-2043
| Tenant Type Convenience/Gas |
| NOI $207,000 | R. Term 18.7 | Ownership Fee Simple |
| Rent/SF
$59.90
| Increases 2.0%/1/yrs | Pop 5Mi 5,895 |
| Lot/AC 0.42 | Options 4/5yrs/2% | AHHI 5Mi $65,726 |
| | |
The subject property is strategically positioned, with excellent access and visibility, along Highway 59 which sees approximately 25,550 vehicles passing by daily. The site is currently being remodeled as a SQRL fueling station and convenience store which will further increase traffic to the property. It is adjacent to an Executive Inn & Suites and within close proximity to major retailers...
...Recent renovation
Highway location
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Annual rent increases
Corporate Guarantee
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Byrd Avenue | State Loop 424 | 2021 | 1,720 | 0.05 mi |
| Lake Pool Rd | 2021 | 1,116 | 0.08 mi | |
| Lake Pool Rd | 2021 | 29,669 | 0.08 mi | |
| US Hwy 59 | State Loop 424 | 2018 | 25,913 | 0.38 mi |
| TX 360 | State Loop 424 | 2020 | 29,277 | 0.38 mi |
| Dean Rd | 2021 | 27,933 | 0.68 mi | |
| US 59 Frontage Road | Karen St | 2021 | 887 | 0.68 mi |
| Dean Rd | 2021 | 1,614 | 0.69 mi | |
| Farm-to-Market Road 222 | Hoot Troha | 2021 | 1,445 | 0.71 mi |
| Church Street | Hwy 59 | 2021 | 2,560 | 0.75 mi |
Bryan, TX
Cap Rate 7.50%
Lease Abs NNN
R. Term 18.60 yrs
Size/SF 3,616
Elkhart, IN
Cap Rate 7.50%
Lease Abs NNN
R. Term 7.10 yrs
Size/SF 6,401
Granger, IN
Cap Rate 7.00%
Lease Abs NNN
R. Term 7.10 yrs
Size/SF 3,178
Irving, TX
Cap Rate 6.50%
Lease Abs NNN
R. Term 7.10 yrs
Size/SF 1,950
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
