920 N Main St - Freestanding FOR SALE


Taylor, TX 76574
$812,000 USD
713-775-8899
920 N Main St, Taylor, TX for Sale
$812,000 USD
Freestanding - FOR SALE
1/4
null | 7.5% Cap Rate

920 N Main St
Taylor, TX 76574


HIGHLIGHTS

  • Attractive 7.5 Percent Cap Rate
  • Long Term Tenancy History of Over 20 Years
  • Triple-Net Lease
  • Seller States New Roof Installed in 2022
  • No State Income Tax
  • 10 Percent Rent Increases Upon Each Option Period

OVERVIEW

Marcus & Millichap is pleased to exclusively offer for sale Taylor Dental & Braces, a dental clinic located at 920 Main Street in Taylor, Texas that has occupied the premises for over 20 years. The freestanding medical building is occupied by one tenant on a triple-net lease. The subject property is offered for sale for $812,000, at a 7.5 percent cap rate. The net lease has more than four and a half years remaining. The gross leasable area is 3,462 square feet, situated on 0.42 acres. Should the tenant renew its lease in March 2030, the annual rent will increase from $60,931 to $67,024, which will increase the cap rate to 8.25 percent. The landlord’s only expense responsibilities pertain to roof, structure, and parking lot. The seller states that the entire roof was replaced in 2022, which includes a ten-year labor warranty, minimizing any future landlord expenses at the property. • Attractive 7.5 Percent Cap Rate • Long Term Tenancy History of Over 20 Years • Triple-Net Lease • Seller States New Roof Installed in 2022 • No State Income Tax • 10 Percent Rent Increases Upon Each Option Period

FOR SALE DETAILS

PRICE

$812,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taylor Dental & Braces

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

-

APN/PARCEL ID

R018353,R018354

ASK ABOUT THIS PROPERTY

Alex Wolansky, CCIMMarcus & MillichapMore Info
713-775-8899

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Alex Wolansky, CCIMMarcus & MillichapMore Info
713-775-8899

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