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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30088294
30088295

15741 S I-35, Salado, TX 76571

JM
TX TX 7973536
Matthews
DS
TX TX 808536
Matthews
Listed by Matthews
Unpriced
90 days on market
Updated 90 days ago

Salado Collision Center

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 5,083
Tenancy Single
Remaining Term 2
Year Built 1997
Year Renovated 2024
Buildings 1
Stories 1
Acreage 1.090
Parking Spaces spaces

Prime Interstate Frontage and Accessibility | Stable Income Stream from Existing Lease

Marketing description

Investment highlights

  • Prime Interstate Frontage and Accessibility: Situated directly off I-35 with frontage road visibility, the property enjoys exposure to over 90,000 vehicles per day, enhancing its appeal for industrial, storage, or commercial uses.

  • Stable Income Stream from Existing Lease: The building is leased to a collision repair tenant with three years remaining on the term, providing immediate cash flow and reducing vacancy risk during the initial holding period with 3% annual rental increases in the lease.

  • Tenant-Funded Improvements: Since occupying the building approximately two years ago, the tenant (Salado Collision Center) has invested over $300,000 in improvements to the property, including installation of a paint booth, electrical upgrades, office buildout, and security systems.

  • Strong Area Demographics and Affluence: Located in an affluent submarket with average household incomes exceeding $101,000 within a 3-mile radius, and a median home value of $445,900, indicating a stable and growing consumer base.

  • Robust Population and Economic Growth: Salado and surrounding Bell County are experiencing significant expansion, with annual population growth of 3.7% over the past four years and projected 2.6% growth through 2029.

  • Incoming Residential Development: The area is poised for substantial residential influx, with numerous new home communities underway and over 100 new construction homes currently listed in Salado.

Listing Contacts

JM
TX TX 7973536
Matthews
DS
TX TX 808536
Matthews
Listed by Matthews

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Additional Information

Name
Patrick Graham
License
License # 9005919, 528005
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
2699 Howell St., Suite 400, Dallas, TX 75204
Name
Jeff Miller
License
TX 7973536
Brokerage Address
515 Congress Avenue
Name
Dylan Servais
License
TX 808536
Brokerage
Matthews Real Estate Investment Services
Brokerage Phone
866-889-0550
Title
Associate
Brokerage Address
515 Congress Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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