Listed by SRS Real Estate Partners South Florida, SRS Real Estate Partners Tampa
$2,400,000
Napa Auto Parts - Bellmead TX
Details
APN 28-057800-001600-0
Property Type Retail
Sub Type Auto Shop
Square Footage 8,840
Cap Rate 6.25%
NOI $150,000
Occupancy 100%
Tenancy Single
Lease Type NN+
Lease Term 15.1
Lease Expiration 01/31/2035
Remaining Term 8.5
Rent Bumps Yes
Lease Options 1 (7-Year)
Broker Co-Op Yes
Year Built 2019
Buildings 1
Stories 1
Acreage 1.450
Zoning B2: Secondary & Highway Business District
Parking Spaces 34 spaces
Parking per 1,000 SqFt 3.85
Investment Type Net Lease
Lease Commencement 01/01/2020
Ground Lease No
Ownership Fee Simple
Retail | 6.25% CAP | 8,840 SqFt
Investment highlights
- 8 Years Remaining | Scheduled Rental Increases | Option to Renew
- NN+ Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Prime Commercial Corridor Location | Dense Retail Corridor
- Loop 340 Expansion | Adjacent to Major Regional Anchors | Excellent Visibility
- Local Demographics In 5-mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners South Florida, SRS Real Estate Partners Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,000.00
$12,500.00/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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