3736 E Highway 44 - Retail FOR SALE


Alice, TX 78332
$4,152,000 USD
480-221-4221
3736 E Highway 44, Alice, TX for Sale
$4,152,000 USD
Retail - FOR SALE
1/9
null | 6.5% Cap Rate

3736 E Highway 44
Alice, TX 78332


HIGHLIGHTS

  • Corporate Guaranteed Lease | Options To Extend | Scheduled Rental Increases
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • TX-359 (21,000 VPD) | Strong National/Credit Tenant Presence
  • Strong Demographics In Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Tractor Supply Company investment property located in Alice, Texas. The tenant, Tractor Supply Co. of Texas LP, has approximately 2 years remaining with 3 (5-year) options remaining to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$4,152,000 USD

PRICE/SF

$168 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply | Corporate NN

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

6.14 AC

LAND SF

267,589 SF

ZONING

Commercial

APN/PARCEL ID

12678-001-000-00

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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