Murdoch's Ranch & Home Supply | Annual Incrs | 516 E Interstate 10
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Murdoch's Ranch & Home Supply | Annual Incrs 516 E Interstate 10
53,704 SF Retail Building Seguin, TX 78155 $6,236,868 CAD ($116 CAD/SF) 6.85% Cap Rate
Investment Highlights
- Brand New 10-Year Lease | Options To Extend | Annual Rental Increases
- I-10 (51,200 VPD) | Industrial Corridor | Excellent Visibility
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Murdoch’s Ranch & Home Supply investment property located in Seguin, Texas. The tenant recently signed a brand new 10-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Today, Murdoch’s is proud to have over 40 stores spanning six states as well as an e-commerce website. Parking lot re-striping work completed October 2024. The interior of the building will undergo a significant remodel at tenant’s cost in 2025.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
53,704 SF
Building Class
B
Year Built
2000
Price
$6,236,868 CAD
Price Per SF
$116 CAD
Cap Rate
6.85%
NOI
$426,941 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
7.91 AC
Zoning
Commercial
Parking
648 Spaces (12.07 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2G0006-0000-06800-0-00 | Improvements Assessment | $2,071,584 CAD |
| Land Assessment | $1,546,841 CAD | Total Assessment | $3,618,425 CAD |
PROPERTY TAXES
Parcel Number
2G0006-0000-06800-0-00
Land Assessment
$1,546,841 CAD
Improvements Assessment
$2,071,584 CAD
Total Assessment
$3,618,425 CAD
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Murdoch's Ranch & Home Supply | Annual Incrs | 516 E Interstate 10
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