1606 N Navarro St - Retail FOR SALE
Victoria, TX 77901 |
$722,223 USD
512-535-1655
1606 N Navarro St
Victoria, TX 77901
HIGHLIGHTS
- Recent Capital Improvements – Roof replacement completed within the past five years, minimizing near-term capital expenditure risk.
- Accessible Price Point – Offered below $1 million, presenting a rare opportunity for investors seeking stabilized income at a lower basis.
- High Initial Yield – Offered at a 9% cap rate on day one, with approximately three years of remaining lease term.
- Proximity to National Retailers – Located near established brands such as Taco Bell, UPS, Chick-fil-A, and Whataburger.
- Strong Visibility Along Major Retail Corridor – Positioned on Interstate 77, a primary arterial route in Victoria.
- Double Net (NN) Lease Structure – Tenant is responsible for property taxes, insurance, and maintenance.
FOR SALE DETAILS
PRICE
$722,223 USD
PRICE/SF
$69 USD /SF
CAP RATE
9%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
FAMILY DOLLAR
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.44 AC
LAND SF
19,297 SF
ZONING
-
APN/PARCEL ID
44800-069-00200
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512-535-1655
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512-535-1655
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