3304 Hwy 37 Bypass hwy - Retail FOR SALE


Gatesville, TX 76528
$2,480,000 USD
949-506-2009
3304 Hwy 37 Bypass hwy, Gatesville, TX for Sale
$2,480,000 USD
Retail - FOR SALE
1/9

3304 Hwy 37 Bypass hwy
Gatesville, TX 76528


HIGHLIGHTS

  • Brand-New 10 Year Lease | Drive-Through Equipped
  • NN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
  • (100,000+ SF) Walmart Supercenter | Primary Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Starbucks investment property located in Gatesville, Texas. The tenant, Starbucks, recently signed a brand new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,480,000 USD

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Starbucks | Visibility to Multiple Hwys

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

Commercial

APN/PARCEL ID

138681

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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