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Biomat USA 114 W 9th St 13,804 SF Retail Building Mission, TX 78572 $2,765,650 ($200.35/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Recession-Proof Tenant
- Strong Corporate Guarantee from Leading Operator in the Space
- Emerging & Essential Industry
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Biomat USA located at 114 & 219 West 9th St, Mission, TX 78752. The site consists of roughly 13,804 rentable square feet of building space on an estimated 0.83-acre parcel of land. The current annual rent is $214,338 and has scheduled increases of 3.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,804 SF
Building Class
C
Year Built
1997
Price
$2,765,650
Price Per SF
$200.35
Cap Rate
7.75%
NOI
$214,338
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.83 AC
Zoning
C-3 - Commercial
Parking
48 Spaces (3.48 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | M5200-00-146-0001-00 | Improvements Assessment | $1,000,907 |
| Land Assessment | $250,659 | Total Assessment | $1,251,566 |
PROPERTY TAXES
Parcel Number
M5200-00-146-0001-00
Land Assessment
$250,659
Improvements Assessment
$1,000,907
Total Assessment
$1,251,566
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Biomat USA | 114 W 9th St
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