9845 S Mason Rd - Auto Repair FOR SALE


Richmond, TX 77406- Waterside
$2,276,531 USD
910-670-9153
9845 S Mason Rd, Richmond, TX for Sale
$2,276,531 USD
Auto Repair - FOR SALE
1/2
null | 6.4% Cap Rate

9845 S Mason Rd
Richmond, TX 77406
Waterside


HIGHLIGHTS

  • Corporate Guaranteed Lease with Established National Tenant
  • Long-Term Lease with Structured Rental Increases
  • Direct Proximity to Two Dense Residential Communities

OVERVIEW

Surmount is pleased to present the exclusive listing for an Advance Auto Parts located at 9845 Mason Road, Richmond, TX 77406. The site consists of roughly 6,912 rentable square feet of building space on an estimated 0.9-acre parcel of land. This Advance Auto Parts is subject to a 15-Year Double Net (NN) lease, which commenced 8/30/2017. The current annual rent is $145,698 and has scheduled increases of 10% increase in option 1, 8% increases in options 2 & 3.

FOR SALE DETAILS

PRICE

$2,276,531 USD

PRICE/SF

$329 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

-

APN/PARCEL ID

9161-00-001-0060-907

ASK ABOUT THIS PROPERTY

Vincenzo RendaSurmountMore Info
910-670-9153

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Vincenzo RendaSurmountMore Info
910-670-9153

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