Meineke Car Care | 1252 N State Highway 123
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Meineke Car Care 1252 N State Highway 123
3,120 SF Retail Building San Marcos, TX 78666 $2,007,698 CAD ($643 CAD/SF) 6% Cap Rate
Investment Highlights
- Brand New 20-Year Absolute Triple Net Sale-Leaseback with 10% Increases Every 5 Years
- Exponential Population Growth in Surrounding Area
- Booming Market Between Austin, TX and San Antonio, TX
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Meineke Car Care located at 1252 TX-123, San Marcos, TX 78666. The site consists of roughly 3,120 rentable square feet of building space on an estimated 0.47-acre parcel of land. This Meineke Car Care is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $84,000 and has scheduled increases of 10% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,120 SF
Building Class
B
Year Built
2003
Price
$2,007,698 CAD
Price Per SF
$643 CAD
Cap Rate
6%
NOI
$120,462 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.47 AC
Frontage
180 ft on Texas Hwy 123
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R103996 | Improvements Assessment | $257,688 CAD |
| Land Assessment | $301,800 CAD | Total Assessment | $559,488 CAD |
PROPERTY TAXES
Parcel Number
R103996
Land Assessment
$301,800 CAD
Improvements Assessment
$257,688 CAD
Total Assessment
$559,488 CAD
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Meineke Car Care | 1252 N State Highway 123
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