1503 E Grand Ave - Retail FOR SALE


Marshall, TX 75670
$2,058,333 USD
332-345-4185
1503 E Grand Ave, Marshall, TX for Sale
$2,058,333 USD
Retail - FOR SALE
1/3
null | 6% Cap Rate

1503 E Grand Ave
Marshall, TX 75670


HIGHLIGHTS

  • Excellent Corporate Guarantee from Growing Operator
  • Institutionally Backed by Percheron Capital
  • Absolute Triple-Net (NNN) Sale-Leaseback with Annual Rental Increases
  • Income Tax-Free State

OVERVIEW

Surmount is pleased to present the exclusive listing for a Big Brand Tire & Service located at 1503 E Grand Ave, Marshall, TX 75670. The site consists of roughly 4,750 rentable square feet of building space on an estimated 0.77-acre parcel of land. This Big Brand Tire & Service is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $123,500 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$2,058,333 USD

PRICE/SF

$433 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Big Brand Tire Service

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

-

APN/PARCEL ID

R000034698

ASK ABOUT THIS PROPERTY

Alexandre MariettoSurmountMore Info
332-345-4185

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Alexandre MariettoSurmountMore Info
332-345-4185

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