302 W Calton Rd - Auto Repair FOR SALE


Laredo, TX 78041
$2,600,000 USD
650-678-7200
302 W Calton Rd, Laredo, TX for Sale
$2,600,000 USD
Auto Repair - FOR SALE
1/2
null | 5% Cap Rate

302 W Calton Rd
Laredo, TX 78041


HIGHLIGHTS

  • Brand-new 15-year absolute net lease extension
  • 9% rental increases every 5 years providing a hedge against inflation
  • Corporate lease backed by investment grade tenant
  • Corporate lease backed by investment grade tenant
  • Longstanding operating history – 36 years
  • Tax-free state

OVERVIEW

A corporate O’Reilly lease with a brand-new 15-year term featuring 9% rental increases every 5 years and an absolute net lease structure requiring zero landlord expense/maintenance obligations. Tenant has been operating at this location for 36 years and demonstrated their dedication to this site by signing a long-term lease extension to stay.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$448 USD /SF

CAP RATE

5%

% 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

1.11 AC

LAND SF

48,352 SF

ZONING

-

APN/PARCEL ID

210085

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

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