Listed by Trinity Real Estate Investment Services
$2,675,465
Brookshire Brothers
Details
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 33,892
Cap Rate 6.75%
NOI $180,594
Tenancy Single
Brand/Tenant Walmart, Kroger
Lease Type Absolute NNN
Lease Term 32.3
Lease Expiration 04/26/2031
Remaining Term 4.9
Rent Bumps No
Lease Options Two (2), 5-Year
Price per SqFt $79
Year Built 1992
Acreage 2.660
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/15/1999
Ground Lease No
Ownership Fee Simple
Retail | 6.75% CAP | 33,892 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Brookshire Brothers in Navasota, TX. The subject property was established in 1999 and is a high-performing sales volume store.
Property Website: https://trinityreis.com/listing/309-n-lasalle-st/
Investment highlights
- Brookshire Brothers Grocery in Downtown Navasota, TX With 4+ Years Remaining on Current Term
- Absolute NNN Lease - Zero Landlord Responsibilities
- Established in 1999 - High-Performing Sales Volume Store
- Large 2.66-Acre Property Near a Signalized Intersection With Combined Traffic Counts of 21,000+ Vehicles Passing Daily
- Healthy 5-Mile Demographics With 12,000 Residents and a Population Growth Rate of 30.5% Since 2010
- Strong Trade Area With a mix of National Brands, Local Shops, and Surrounding Neighborhoods
- Brookshire Brothers is a Well-Established, Employee-Owned Grocery Chain With Over 120 Locations Across Texas and Louisiana
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,594.00
$15,049.50/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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