2002 Highway 157 N
Mansfield, TX 76063
Texas Car Title & Payday Loan · Retail Property For Sale

Marcus and Millichap is pleased to exclusively market Texas Car Title & Payday Loan located at 2002 Highway 157 North in Mansfield, Texas. The freestanding building is less than a half mile from U.S. Highway 287. The property is 2,540 square-feet of gross leasable area. The Tenant is currently in their first of two option periods with 4 years remaining in their first option. This unique property offers an investor upside through a 15 percent rental increase in the next option period, and the lease is corporately guaranteed. The landlord is only responsible for the roof and structure, the tenant is responsible for taxes, insurance and CAM expenses. This asset is within a mile from major big box retailers such as Best Buy, Sam's Club, Lowes, Cinemark, Petco, Michael's, Shoe carnival, Lane Bryan and many others. The area boasts an impressive average household income of over $114,000 in a one-mile radius. The property sits in a highly-traveled node of Mansfield with traffic counts of over 28,000 VPD