15511 Farm to Market Rd 529 - Auto Repair FOR SALE


Houston, TX 77095
$2,212,000 USD
619-884-4875
15511 Farm to Market Rd 529, Houston, TX for Sale
$2,212,000 USD
Auto Repair - FOR SALE
1/4
null | 6.44% Cap Rate

15511 Farm to Market Rd 529
Houston, TX 77095


HIGHLIGHTS

  • High-Traffic Houston Retail Location
  • Dense Northwest Houston Trade Area
  • Compelling Passive Investment Opportunity

OVERVIEW

Avison Young is pleased to present the opportunity to acquire a Strickland Brothers 10 Minute Oil Change located at 15511 Farm to Market Road 529 in Houston, Texas. Constructed in 2022, the approximately 1,725-square-foot facility is situated on an oversized 0.84-acre parcel along the established FM 529 retail corridor in northwest Houston. The property is subject to a long-term absolute NNN lease, providing ownership with a passive investment structure and no landlord responsibility for roof or structure. The lease extends through May 2038 and includes 10% rental increases every five years, along with four additional five-year renewal options featuring 10% increases. Current annual rent of $142,500 is scheduled to increase to $156,750 in 2028, providing an attractive near-term increase in investment yield.

FOR SALE DETAILS

PRICE

$2,212,000 USD

PRICE/SF

$1,282 USD /SF

CAP RATE

6.44%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Strickland Brothers

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

C

APN/PARCEL ID

1419900010001

ASK ABOUT THIS PROPERTY

Sam HannaAvison YoungMore Info
619-884-4875

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Sam HannaAvison YoungMore Info
619-884-4875

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