Listed by Trinity Real Estate Investment Services
$5,550,000
Northern Tool + Equipment
Details
Property Type Retail
Sub Type Storefront
Square Footage 22,496
Units 1
Cap Rate 6.65%
NOI $369,609
Occupancy 100%
Tenancy Single
Brand/Tenant Tractor Supply, Home Depot
Lease Type NN
Lease Term 10.9
Lease Expiration 07/30/2035
Remaining Term 9.2
Rent Bumps Yes
Lease Options Three (3), 5-Year; 8%
Price per SqFt $247
Year Built 2024
Buildings 1
Acreage 2.200
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/27/2024
Ground Lease No
Ownership Fee Simple
Retail | 6.65% CAP | 22,496 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Northern Tool + Equipment in Bryan, TX. This property is a newly constructed 2024 asset secured by a 10-year NN lease with minimal landlord responsibilities, corporate guarantee by Northern Tool + Equipment, which operates over 140 locations across the U.S.
Property Website: https://trinityreis.com/listing/1921-austins-colony-pkwy/
Investment highlights
- New 2024 Construction – 10-Year Corporate NN Lease With Minimal Landlord Responsibilities
- Corporate Guarantee by Northern Tool + Equipment – With 140+ U.S. Locations
- Strategically Located Just 5 Miles From Texas A&M University – One of the Largest Public Universities in the Country With 77,000+ Students Systemwide
- Excellent Accessibility Positioned Along Austins Colony Pkwy, With Close Proximity to Earl Rudder Fwy (Hwy 6) With 84,000+ Vehicles Per Day
- Strong Surrounding National Retail Mix – Adjacent and Nearby Tenants Include Walmart Supercenter, Lowe’s, Chick-fil-A, Walgreens, H-E-B, and Starbucks
- Affluent and Growing Area With $105,000+ Avg. HH Income Within 1 Mile and 17.7% 10-Year Population Growth
- Located in Bryan-College Station MSA – Ranked a Top 10 U.S. Metro for Economic Resilience (Milken Institute, 2024)
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$369,609.00
$30,800.75/mo
Valuation Metrics
0
DSCR
6.66%
Cap Rate
6.66%
ROI
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