Listed by Sands Investment Group, Sands Investment Group Atlanta
$2,243,478
Big O Tires - Spring, TX
Details
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 5,025
Cap Rate 5.75%
NOI $129,000
Occupancy 100%
Tenancy Single
Brand/Tenant Big O Tires
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 04/17/2046
Remaining Term 19.9
Rent Bumps Yes
Lease Options 4 x 5 Year Options
Price per SqFt $446
Year Built 1973
Year Renovated 2025
Acreage 0.430
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 04/08/2026
Ground Lease No
Big O Tires - Houston MSA | Multi-Unit Operator | Off I-45 | 20-Yr ABS NNN
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 5,025 SF Big O Tires located at 1136 Spring Cypress Road in Spring, TX. This offering features a 20-year Absolute Triple Net (NNN) Lease with 10% rental increases every 5 years, providing stable, long-term income with zero landlord responsibilities. The lease is backed by an award-winning, experienced multi-unit operator, ensuring a reliable and low-management investment opportunity.
Investment highlights
- Long-Term Stability: 20-year Absolute Triple Net (NNN) Lease with 10% increases every 5 years.
- Strong Guarantor: Lease guaranteed by an award-winning multi-unit operator with deep experience in auto service operations.
- Zero Landlord Responsibilities, Passive Investment: Ideal for investors seeking a stable, hands-off income-producing asset.
- Strong Commitment From Tenant: Tenant has invested substantial capital into improvements and upgrades.
- Dense Population: 75k+ population in 3-Mile Radius.
- Affluent Corridor: Average household income over $110k across 3-Mile, 5-Mile, & 10-Mile Radius.
- High Traffic Counts: I-45 sees well north of 185k VPD, storefront traffic roughly 25k VPD.
- Income Tax-Free State.
Listing Contacts
Listed by Sands Investment Group, Sands Investment Group Atlanta
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$129,000.00
$10,750.00/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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