Listed by Marcus & Millichap - Manhattan, Marcus & Millichap - Dallas
$6,744,000
Havertys Furniture
Details
Property Type Retail
Square Footage 53,105
Cap Rate 7.53%
NOI $508,100
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 08/30/2032
Rent Bumps Yes
Price per SqFt $127
Year Built 2000
Acreage 5.270
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple
Retail | 7.53% CAP | 53,105 SqFt
Marketing description
ALSO AVAILABLE: Havertys at 8600 SW 34th Ave, Amarillo, TX 79121.
25+ Year Operating History | Recently Exercised Option Demonstrating Continued Commitment to the Site
Investment highlights
- Absolute Net Lease With 6.3 Years Remaining
- 25+ Year Operating History | Recently Exercised Option With Six Percent Rent Increase Scheduled for September 2027
- Signalized Hard Corner With Combined 16,267 VPD and Direct Access to TX-183 (115,175 VPD)
- 53,105 SF Building on 5.27 Acres Near Lakeline Mall at Below-Market Rent of $9.57/SF
- Roof Replaced in 2021 | Warranty Through November 2041
- Affluent Trade Area With $158,534 Average Household Income (Five-Mile Radius)
- 235,051 Residents and 211,408 Daytime Population (Five-Mile Radius)
- 1,751+ Multifamily Units Within Immediate Trade Area Supporting Daily Traffic
- Austin Ranked Top 10 U.S. Market for Retail Sales Growth in 2026 With ~3.2%-3.8% Vacancy
Listing Contacts
Listed by Marcus & Millichap - Manhattan, Marcus & Millichap - Dallas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$508,100.00
$42,341.67/mo
Valuation Metrics
0
DSCR
7.53%
Cap Rate
7.53%
ROI
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