302 W Calton Rd - Auto Repair FOR SALE


Laredo, TX 78041
$1,830,000 USD
415-481-0377
302 W Calton Rd, Laredo, TX for Sale
$1,830,000 USD
Auto Repair - FOR SALE
1/5
null | 5.65% Cap Rate

302 W Calton Rd
Laredo, TX 78041


HIGHLIGHTS

  • 2% annual rent increases (5.90% blended cap rate over remaining term)
  • The majority of available O’Reilly Auto Parts properties are NN with a 6% rent increase in Year 11
  • No remaining renewal options
  • Defendable annual rent of $12.16/SF
  • Part of 2-unit portfolio (available together or individually)
  • Ideal demographics: 96,438 residents within 3-miles with $60,747 Average Household Incomes

OVERVIEW

Extremely Rare Absolute NNN Lease With 2% Annual Rent Increases

FOR SALE DETAILS

PRICE

$1,830,000 USD

PRICE/SF

$315 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O'Reilly Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

B-3

APN/PARCEL ID

210085

ASK ABOUT THIS PROPERTY

Andrew KlontzCP Partners CREMore Info
415-481-0377

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Andrew KlontzCP Partners CREMore Info
415-481-0377

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