1201 TX-123 - Auto Repair FOR SALE


San Marcos, TX 78666 | 
$1,567,784 USD
914-403-7574
1201 TX-123, San Marcos, TX for Sale
$1,567,784 USD
Auto Repair - FOR SALE
1/3
null | 6.5% Cap Rate

1201 TX-123
San Marcos, TX 78666


HIGHLIGHTS

  • Corporate Guarantee from Sun Auto Tire & Service, Inc.
  • Low Price Point and Rent Compared to Recently Sold Sun Auto Concepts
  • Proximity to Austin, TX
  • ~2 Miles from Texas State University

OVERVIEW

Surmount is pleased to present the exclusive listing for a Sun Auto located at 1201 TX-123, San Marcos, TX 78666. The site consists of roughly 4,500 rentable square feet of building space on an estimated 0.42-acre parcel of land. This Sun Auto has ~4 years remaining on an absolute Triple Net (NNN) lease. The current annual rent is $101,906 and has scheduled increases of 1.00% annually.

FOR SALE DETAILS

PRICE

$1,567,784 USD

PRICE/SF

$348 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sun Auto

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

-

APN/PARCEL ID

R38896

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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