1503 W Avenue M - Freestanding FOR SALE


Temple, TX 76504
$1,252,000 USD
954-302-7365
1503 W Avenue M, Temple, TX for Sale
$1,252,000 USD
Freestanding - FOR SALE
1/5
null | 5.75% Cap Rate

1503 W Avenue M
Temple, TX 76504


HIGHLIGHTS

  • 13+ Years Remaining | Scheduled Rental Increases Well Known & Established Brand | New Roof
  • NN+ Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Hard Corner Intersection | Close to Interstate 35 | Close to Retails Centers & Hospital | Excellent Visibility & Access
  • Local Demographics in 5-mile Trade Area

OVERVIEW

• Over 8 years of primary lease term remaining • The lease features a 5% rent increase at the beginning of Year 6 • Founded in 1925, Napa Auto Parts, a subsidiary of the Genuine Parts Company, is a leading provider of automotive parts and accessories • The building recently had a new roof and parking installed • There has been a Napa Auto Parts business at this location since 1974, reflecting a strong operating history

FOR SALE DETAILS

PRICE

$1,252,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,502 SF

ZONING

T4

APN/PARCEL ID

109593

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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