201 Corsicana Hwy - Freestanding FOR SALE


Hillsboro, TX 76645
$576,000 USD
954-703-3602
201 Corsicana Hwy, Hillsboro, TX for Sale
$576,000 USD
Freestanding - FOR SALE
1/4
null | 6.25% Cap Rate

201 Corsicana Hwy
Hillsboro, TX 76645


HIGHLIGHTS

  • 2 Years Remaining | Scheduled Rental Increases |Well Known & Established Brand
  • NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Hard Corner Intersection | Close to Interstate 35 | Strong National/Credit Tenant Presence | Excellent Visibility | Top 50% in US
  • Local Demographics in 5-mile Trade Area

OVERVIEW

• Over 6+ years of primary lease term remaining on their initial lease with 2 (5-year) option to extend, demonstrating their commitment to the site • The lease features a 16.67% rental increase in Sept. of 2027 and has a 7.15%increase in the option period • Tenant has expressed interest in renewing the lease early at a 10-16% increase in rent (Contact Agent for Details) • Founded in 1925, Napa Auto Parts, a subsidiary of the Genuine Parts Company, is a leading provider of automotive parts and accessories

FOR SALE DETAILS

PRICE

$576,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Napa Auto Parts - Hillsboro TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

-

APN/PARCEL ID

134308

ASK ABOUT THIS PROPERTY

Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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