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Take 5 Oil Change 1096 N Main St 1,800 SF 100% Leased Retail Building Vidor, TX 77662 $1,826,087 ($1,014.49/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Corporate Guarantee
- Long-Term 20-Year NNN Sale-Leaseback
- New Construction
- Attractive Annual Rental Increases
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 1096 N Main St, Vidor, TX 77662. The site consists of roughly 1,683 rentable square feet of building space on an estimated 0.44-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $105,000 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,800 SF
Building Class
C
Year Built
1950
Price
$1,826,087
Price Per SF
$1,014.49
Cap Rate
5.75%
NOI
$105,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.27
Lot Size
0.16 AC
Frontage
96’ on North Main Street
NEARBY MAJOR RETAILERS
CommunityBank of Texas
PROPERTY TAXES
| Parcel Number | 008094-005105 | Improvements Assessment | $50,117 |
| Land Assessment | $76,992 | Total Assessment | $127,109 |
PROPERTY TAXES
Parcel Number
008094-005105
Land Assessment
$76,992
Improvements Assessment
$50,117
Total Assessment
$127,109
CONTACTS
-
Glen Kunofsky -
Edward Otocka -
Amelia Haydock -
Gordon Pollock -
John McHugh -
Christopher Marks -
Surmount
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Take 5 Oil Change | 1096 N Main St
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