1114 Morgan Blvd - Auto Repair FOR SALE


Harlingen, TX 78550
$1,142,857 USD
203-253-9455
1114 Morgan Blvd, Harlingen, TX for Sale
$1,142,857 USD
Auto Repair - FOR SALE
1/3
null | 5.25% Cap Rate

1114 Morgan Blvd
Harlingen, TX 78550


HIGHLIGHTS

  • Excellent Corporate Guarantee from Driven Brands
  • Strong Industry Growth
  • Recession-Resistance Service
  • Growing Vehicle Base & Longer Ownership

OVERVIEW

Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 1114 Morgan Boulevard, Harlingen, TX 78550. The site consists of roughly 1,517 rentable square feet of building space on an estimated .3-acre parcel of land. Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $60,000 and has scheduled increases of 1.50% Annually.

FOR SALE DETAILS

PRICE

$1,142,857 USD

PRICE/SF

$762 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

Commercial

APN/PARCEL ID

170990-0010-025100,170990-0010-026000

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.