281 S Tx-3 Hwy - Auto Repair FOR SALE


League City, TX 77573
$2,000,000 USD
332-345-4185
281 S Tx-3 Hwy, League City, TX for Sale
$2,000,000 USD
Auto Repair - FOR SALE
1/4
null | 6% Cap Rate

281 S Tx-3 Hwy
League City, TX 77573


HIGHLIGHTS

  • Extremely Strong Unit-Level Performance | Robust Guarantee
  • Outstanding Demographics in Houston MSA
  • Excellent Frontage | Near Major Retailers
  • Affluent Community
  • Income Tax-Free State
  • Absolute NNN 20-Year Corporate Sale-Leaseback

OVERVIEW

Surmount is pleased to present the exclusive listing for a Goodturn Tire and Auto located at 281 State Highway 3, League City, TX 77573. The site consists of roughly 5,368 rentable square feet of building space on an estimated 1-acre parcel of land. Goodturn Tire and Auto is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $120,000 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$359 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Goodturn Tire and Auto

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

-

APN/PARCEL ID

0003-0070-0000-000

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.