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Browse More Listings in Retail For Sale, Austin, TX or Texas

Retail Property For Sale

Earl Scheib Auto Paint and Body

5005 Cesar Chavez St., Austin, TX 78702

Price:
$650,000
Building Size:
10,098 SF
Price/SF:
$64.37
Property Type:
Retail
Property Sub-type:
Vehicle Related
Property Use Type:
Net Lease Investment with 10+ years left on lease
Commission Split:
2%
Cap Rate:
8.50%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
1945
Lot Size:
26,055 SF
Find Out More...

Last Verified 10/21/2009 Listing ID 16425547

Description

Investment Highlights:
-15 Year Absolute Triple Net Corporate Sale Leaseback, with one (1) five (5) year option
-Earl Scheib has been operating at this location since 1984
-The industry benefits during economic downturns
-Ideal 1031 investment - true NNN with no property management required
-Earl Scheib is under new management & ownership
-All sites are undergoing cosmetic upgrades including a red, white & blue paint scheme and new signage featuring the revamped Earl Scheib logo
-Well populated area: 267,000 people in a 5-mile radius
-High traffic counts: 9,830 per day on Cesar Chavez St

Property Description:
-The subject property is a 10,098 square foot freestanding commercial building built in 1945, located on approximately 26,055 square feet of land.
-The property is zoned General Commercial Mixed Use and allows for a wide variety of uses including automotive. It is less than 1/2 mile from a Lockhart Hwy interchange.
-The asset is well located in an area with many other auto-related uses. The excellent location and easy freeway access make this central location a valuable NNN lease investment with future upside potential.

Map of 5005 Cesar Chavez St., Austin, TX 78702 (Travis County)

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Created 10/8/2009

Additional Information for 5005 E Cesar Chavez Street, Austin, TX 78702

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Earl Scheib Auto Paint and Body

5005 Cesar Chavez St., Austin, TX, 78702