4019 E Highway 83 - Auto Repair FOR SALE
Rio Grande City, TX 78582 |
$2,569,000 USD
818-416-2800
4019 E Highway 83
Rio Grande City, TX 78582
HIGHLIGHTS
- Long-Term History With 8 Years Remaining on Current Lease: AutoZone Has Operated at This Location Since 2001—Going on 24 Years
- Rare Absolute-Net With Zero Landlord Responsibilities: This is a Truly Passive Investment For the Landlord
- Fixed Rental Increases in Base Term and All Option Periods: The Lease Includes Fixed Rent Bumps Throughout Both the Base Term and Option Periods
- Investment Grade Tenant: This Lease is Corporately Guaranteed By AutoZone, Inc. (NYSE: AZO), a Publically Traded Corporation
- Income Tax Free State Owning Investment Real Estate in Texas: This Offers Certain Investors the Unique Benefit of Paying No State Income Tax
- Direct Highway Access w/Excellent Visibility & High Traffic Counts: Direct Access to the Longest Hwy in Texas, US Highway 83
OVERVIEW
Sands Investment Group is Pleased to Present Exclusively For Sale the 7,189 SF AutoZone Located at 4019 East US-83 in Rio Grande City, TX. This Property Features a Rare Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Truly Passive, Secure Investment Backed By a Nationally Recognized Tenant.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
FOR SALE DETAILS
PRICE
$2,569,000 USD
PRICE/SF
$420 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
AutoZone - Rio Grande City, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Auto Dealership
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2001
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.83 AC
LAND SF
79,715 SF
ZONING
Commerical
APN/PARCEL ID
05210-00000-00100-000000
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818-416-2800
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818-416-2800
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