324 E Highway 199 - Auto Repair FOR SALE


Springtown, TX 76082
$2,173,913 USD
203-253-9455
324 E Highway 199, Springtown, TX for Sale
$2,173,913 USD
Auto Repair - FOR SALE
1/3
null | 5.75% Cap Rate

324 E Highway 199
Springtown, TX 76082


HIGHLIGHTS

  • Excellent Corporate Guarantee from Driven Brands
  • Strong Industry Growth
  • Strategic Highway Location
  • Recession-Resistance Service

OVERVIEW

Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 324 East Highway 199, Springtown, TX 76082. The site consists of roughly 3,184 rentable square feet of building space on an estimated 0.24-acre parcel of land. Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $125,000 and has scheduled increases of 1.50% Annually.

FOR SALE DETAILS

PRICE

$2,173,913 USD

PRICE/SF

$1,074 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

-

APN/PARCEL ID

R000046178

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

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