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Browse More Listings in Retail For Sale, Round Rock, TX or Texas

Retail Property For Sale

Corporate Tuffy (Austin MSA)

16410 N. FM 620, Round Rock, TX 78681

Price:
$1,638,264
Building Size:
5,225 SF
Price/SF:
$313.54
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Restaurant
Vehicle Related
Retail Pad
Property Use Type:
Net Lease Investment with 10+ years left on lease
Cap Rate:
8.25%
Occupancy:
100%
Tenancy:
Single
Year Built:
2009
Find Out More...

Last Verified 11/18/2009 Listing ID 16452349

Highlights

Corporately Guaranteed 20 Year Absolute NNN Lease
9% Rent Increases During Initial Term and First Option Period
11.49% Blended CAP During Initial Term

57% Population Increase Over Last 8 Years
Traffic Counts Exceed 47,000 Cars Per Day
450 Stores Nationwide, 40 Years In Automotive Repair Industry

Description

This offering is for a 20 year corporately backed Tuffy/Car-X that just recently completed construction in April of 2009. The lease is an Absolute NNN and has no landlord responsibilities. There are scheduled rent increases of 9% every 5 years throughout the lease.

Tuffy Auto Service has 40 years experience in the auto industry with over 450 stores in 15 states. Company financials are available once in contract and financials have been approved by 2 local banks for permanent financing. Please contact listing broker for financing quotes.

The site is located immediately adjacent to a recently completed 11,000 sq.ft. multi-tenant retail center and a US Post Office in the Austin, TX MSA. National retailers in the immediate area include HEB Grocery, Blockbuster Video, Goodyear, Jiffy Lube, Jack in the Box, Walgreens, and Bank of America.

Financial Summary

Actual
Net Operating Income
$135,157

Map of 16410 N. FM 620, Round Rock, TX 78681 (Williamson County)

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Presented by

Marcus & Millichap

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Contact Listing Broker

Jason Stuart Pongsrikul (858) 362-4359

JOHN ROSS WERTZ (858) 373-3210

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Created 10/29/2009

Additional Information for 16410 R R 620, Round Rock, TX 78681

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 6 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.

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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 - Corporate Tuffy (Austin MSA)

16410 N. FM 620, Round Rock, TX, 78681