8319 Highway 146 - Auto Repair FOR SALE


Baytown, TX 77523
$1,942,000 USD
713-574-6281
8319 Highway 146, Baytown, TX for Sale
$1,942,000 USD
Auto Repair - FOR SALE
1/7
null | 5.25% Cap Rate

8319 Highway 146
Baytown, TX 77523


HIGHLIGHTS

  • Long Term, Absolute NNN Lease
  • 10% Rental Escalations
  • Corporate Ground Lease
  • Brand New Construction
  • Incredible Access with Great Exposure
  • Surrounded By National Retailers

OVERVIEW

The Blue Ox Group is pleased to offer the opportunity to acquire the fee simple interest (land ownership) in an absolute NNN leased, Valvoline Instant Oil Change (“Valvoline”) investment property located in Baytown, TX. The Tenant, Valvoline recently signed a brand new, long-term, 15 year lease with 3 (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 each option period. This attractive rent structure and steadily growing NOI hedges against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment for the passive investor.

FOR SALE DETAILS

PRICE

$1,942,000 USD

PRICE/SF

$971 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Valvoline Instant Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,492 SF

ZONING

-

APN/PARCEL ID

00004-10404-00000-220001

ASK ABOUT THIS PROPERTY

Claire SalazarThe Blue Ox GroupMore Info
713-574-6281

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Claire SalazarThe Blue Ox GroupMore Info
713-574-6281

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