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Northern Tool + Equipment 1921 Austins Colony Pkwy 22,496 SF Retail Building Bryan, TX 77802 $5,913,745 ($262.88/SF) 6.25% Cap Rate
Investment Highlights
- New 2024 Construction – 10-Year Corporate NN Lease With Minimal Landlord Responsibilities
- Strategically Located Just 5 Miles From Texas A&M University – One of the Largest Public Universities in the Country With 77,000+ Students Systemwide
- Strong Surrounding National Retail Mix – Adjacent and Nearby Tenants Include Walmart Supercenter, Lowe’s, Chick-fil-A, Walgreens, H-E-B, and Starbucks
- Corporate Guarantee by Northern Tool + Equipment – With 140+ U.S. Locations
- Excellent Accessibility Positioned Along Austins Colony Pkwy, With Close Proximity to Earl Rudder Fwy (Hwy 6) With 84,000+ Vehicles Per Day
- Affluent and Growing Area With $105,000+ Avg. HH Income Within 1 Mile and 17.7% 10-Year Population Growth
Executive Summary
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Northern Tool + Equipment in Bryan, TX. This property is a newly constructed 2024 asset secured by a 10-year NN lease with minimal landlord responsibilities, corporate guarantee by Northern Tool + Equipment, which operates over 140 locations across the U.S.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
22,496 SF
Building Class
C
Year Built
2024
Price
$5,913,745
Price Per SF
$262.88
Cap Rate
6.25%
NOI
$369,609
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
2.20 AC
Zoning
F1 - Commercial
Nearby Major Retailers
Property Taxes
| Parcel Number | 307451 | Improvements Assessment | $1,950,619 |
| Land Assessment | $828,989 | Total Assessment | $2,779,608 |
Property Taxes
Parcel Number
307451
Land Assessment
$828,989
Improvements Assessment
$1,950,619
Total Assessment
$2,779,608
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Northern Tool + Equipment | 1921 Austins Colony Pkwy
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