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Big Brand Tire Service 1503 E Grand Ave 4,750 SF Retail Building Marshall, TX 75670 $2,058,333 ($433.33/SF) 6% Cap Rate
Investment Highlights
- Excellent Corporate Guarantee from Growing Operator
- Absolute Triple-Net (NNN) Sale-Leaseback with Annual Rental Increases
- Institutionally Backed by Percheron Capital
- Income Tax-Free State
Executive Summary
Surmount is pleased to present the exclusive listing for a Big Brand Tire & Service located at 1503 E Grand Ave, Marshall, TX 75670. The site consists of roughly 4,750 rentable square feet of building space on an estimated 0.77-acre parcel of land. This Big Brand Tire & Service is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $123,500 and has scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,750 SF
Year Built
1940
Price
$2,058,333
Price Per SF
$433.33
Cap Rate
6%
NOI
$123,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.77 AC
Opportunity Zone
Yes
Nearby Major Retailers
Property Taxes
| Parcel Number | R000034698 | Improvements Assessment | $162,780 |
| Land Assessment | $213,000 | Total Assessment | $375,780 |
Property Taxes
Parcel Number
R000034698
Land Assessment
$213,000
Improvements Assessment
$162,780
Total Assessment
$375,780
Contacts
-
Alexandre Marietto -
Francis Purritano -
John McHugh -
Glen Kunofsky -
Christopher Marks -
Surmount
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Big Brand Tire Service | 1503 E Grand Ave
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