Listed by Evermark Commercial Group
$890,000
1501 S South Commerce Street
Details
Property Type Retail
Square Footage 8,892
Cap Rate 8.59%
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 04/30/2027
Lease Options Two (2) Five-Year Options
Acreage 0.750
Parking Spaces 30 spaces
Parking per 1,000 SqFt 3.37
Investment Type Net Lease
Retail | 8.59% CAP | 8,892 SqFt
Marketing description
This offering presents the opportunity to acquire a stabilized retail investment located in Wills Point, Texas, benefiting from contractual income and a percentage-rent upside component tied directly to tenant sales performance. The property features a favorable triple-net lease structure, creating predictable income with reduced landlord operating responsibilities. In addition to monthly rental income, the lease includes care and maintenance reimbursements as well as a 2.5% annual sales participation component, enhancing long-term revenue potential. The tenant's two additional five-year renewal options provide investors with the opportunity for extended tenancy and continued income stability beyond the current lease expiration.
Investment highlights
- 8.59% CAP Rate - Attractive in-place capitalization rate supported by contractual lease income and percentage-rent participation.
- Established Single-Tenant Retail Asset - Long-standing retail location positioned within a growing East Texas trade corridor.
- Percentage Lease Structure - Attractive lease structure includes: Base Rent: $4,290.00 per month, Additional Care & Maintenance Income: $600.00 per month, Percentage Rent: 2.5% of annual sales
- Triple Net Lease (NNN) - Tenant responsible for taxes, insurance, and common property expenses, minimizing landlord responsibilities.
- Lease Term Remaining - Current lease expires April 30, 2027.
- Extension Options - Tenant holds two (2) additional five-year renewal options, providing long-term occupancy potential.
- Strategic Retail Corridor Location - Positioned along W South Commerce Street with strong local traffic exposure and accessibility.
Listing Contacts
Listed by Evermark Commercial Group
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Zoning
B-2 CommercialSpecial CommercialSecondary And Highway Business District
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