Listed by Hunington Properties
$4,025,890
Locals Automotive Repair – Serene Hills
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 4,469
Cap Rate 6.2%
NOI $249,604
Occupancy 100%
Tenancy Single
Brand/Tenant Locals Automotive Repair
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 06/01/2046
Remaining Term 19.9
Rent Bumps Yes
Lease Options (4) 5 year Options at 1.50% yearly increase
Price per SqFt $901
Broker Co-Op Yes
Class A
Year Built 2026
Buildings 1
Stories 1
Acreage 1.210
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2026
Occupancy Date 06/01/2026
Ground Lease No
Ownership Fee Simple
Austin MSA || New Development (Fee Simple) || Absolute NNN 20 Year Primary Term
Marketing description
PLEASE CONTACT FOR MORE INFORMATION:
Sandy P. Aron – sandy@hpiproperties.com
Jeffrey Aron – jeffrey@hpiproperties.com
Matthew Kivnani – matthew@hpiproperties.com
Investment highlights
20 Year Absolute Net Lease
Heavy daytime foot and car traffic
Signalized intersection at Highway 71, plus two additional roadway intersections
Rapidly growing affluent trade area with high income, high growth residential area with excellent retail services
Listing Contacts
Listed by Hunington Properties
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$249,604.00
$20,800.33/mo
Valuation Metrics
0
DSCR
6.2%
Cap Rate
6.2%
ROI
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