8319 Highway 146 - Auto Repair FOR SALE


Baytown, TX 77523
$1,854,000 USD
847-732-2599
8319 Highway 146, Baytown, TX for Sale
$1,854,000 USD
Auto Repair - FOR SALE
1/7
null | 5.5% Cap Rate

8319 Highway 146
Baytown, TX 77523


HIGHLIGHTS

  • Long-term absolute NNN lease
  • 10% rental escalations
  • Corporate ground lease
  • Brand new construction
  • Excellent access and visibility
  • 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 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease includes 10% rental increases every 5 years throughout the initial term and option periods, providing strong inflation protection. This absolute NNN lease offers zero landlord responsibilities, making it an ideal, management-free investment for a passive investor.

FOR SALE DETAILS

PRICE

$1,854,000 USD

PRICE/SF

$927 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

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

Commerical

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Dan FlagelThe Blue Ox GroupMore Info
847-732-2599

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Dan FlagelThe Blue Ox GroupMore Info
847-732-2599

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