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33919743
33919742

120 FM 3099, Breckenridge, TX 76424

DY
IN RB14050667
Marcus & Millichap - Indianapolis
MH
IN IN RB14052326
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis
$338,824
1 day on market
Updated 1 day ago

Verizon/Russell Cellular | NNN Lease

Details
Property Type Retail
Sub Type Storefront
Square Footage 1,200
Net Rentable (SqFt) 1,200
Units 1
Cap Rate 8.50%
NOI $28,800
Tenancy Single
Brand/Tenant Verizon
Lease Type NNN
Lease Term 11.9
Lease Expiration 09/30/2028
Remaining Term 2.3
Rent Bumps Yes
Lease Options One, 5-Year Option
Price per SqFt $282
Class A
Year Built 2016
Buildings 1
Acreage 0.480
Zoning Commercial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/01/2016
Ground Lease No

Retail | 8.50% CAP | 1,200 SqFt

Marketing description

Corporate Guaranty – Russell Cellular, Inc., Franchisee with 700+ Stores | One of the Largest Verizon Authorized Dealers in the US | Russell Cellular’s 2025 Revenues Were Estimated at $960.8 Million

Perfect 1031 Exchange Asset with One of the Lowest Price Point Net Leased Deals Listed in the US

NNN Lease with Very Minimal Landlord Responsibilities – Tenant Takes Care of All Maintenance Directly Including the Landscaping and Parking Lot, Pays Insurance Directly, Maintains the HVAC Directly, and Reimburses for Property Taxes

Across the Street from Walmart Supercenter with 1 Million in Foot Traffic Annually | Adjacent to Tractor Supply (Top 20% in the State) and Higginbotham Brothers (In the Top 24% in the State in Foot Traffic), and McDonald’s (In the Top 15% in the Nation and Top 11% in the State in Foot Traffic) per Placer.ai

Six Minutes From Hubbard Creek Lake

Six Minutes from Downtown Breckenridge with Buckaroo Stadium, Breckenridge High School, South Elementary School, Booker T Washington Park, Joe K Boyce Park, and Breckenridge Disc Golf Course

Surrounded by Well-Performing National Retailers | Across the Street from Breckenridge Country Club

Located Near Intersection of FM 3009 and US 180, Which is a Main Artery to Fort Worth | 100 Miles from the Dallas/Fort Worth Metroplex, the 4th Largest Metro Area in the United States

Investment highlights

  • Corporate Guaranty – Russell Cellular, Inc., Franchisee with 700+ Stores | One of the Largest Verizon Authorized Dealers in the US | Russell Cellular's 2025 Revenues Were Estimated at $960.8 Million
  • Perfect 1031 Exchange Asset with One of the Lowest Price Point Net Leased Deals Listed in the US
  • NNN Lease with Very Minimal Landlord Responsibilities – Tenant Takes Care of All Maintenance Directly Including the Landscaping and Parking Lot, Pays Insurance Directly, Maintains the HVAC Directly, and Reimburses for Property Taxes.
  • Across the Street from Walmart Supercenter with 1 Million in Foot Traffic Annually | Adjacent to Tractor Supply (Top 20% in the State) and Higginbotham Brothers (In the Top 24% in the State in Foot Traffic), and McDonald's (In the Top 15% in the Nation and Top 11% in the State in Foot Traffic) per Placer.ai
  • Six Minutes From Hubbard Creek Lake
  • Six Minutes from Downtown Breckenridge with Buckaroo Stadium, Breckenridge High School, South Elementary School, Booker T Washington Park, Joe K Boyce Park, and Breckenridge Disc Golf Course
  • Surrounded by Well-Performing National Retailers | Across the Street from Breckenridge Country Club
  • Located Near Intersection of FM 3009 and US 180, Which is a Main Artery to Fort Worth | 100 Miles from the Dallas/Fort Worth Metroplex, the 4th Largest Metro Area in the United States

Listing Contacts

DY
IN RB14050667
Marcus & Millichap - Indianapolis
MH
IN IN RB14052326
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$28,800.00
$2,400.00/mo

Valuation Metrics

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DSCR
8.5%
Cap Rate
8.5%
ROI

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Additional Information

Name
Tim Speck
License
9002994
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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