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Napa Auto Parts - Hillsboro TX 201 Corsicana Hwy 5,000 SF Retail Building Hillsboro, TX 76645 $600,000 ($120/SF) 6% Cap Rate
Investment Highlights
- 2 Years Remaining | Scheduled Rental Increases |Well Known & Established Brand
- Hard Corner Intersection | Close to Interstate 35 | Strong National/Credit Tenant Presence | Excellent Visibility | Top 50% in US
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Local Demographics in 5-mile Trade Area
Executive Summary
• Over 6+ years of primary lease term remaining on their initial lease with 2 (5-year) option to extend, demonstrating their commitment to the site
• The lease features a 16.67% rental increase in Sept. of 2027 and has a 7.15%increase in the option period
• Tenant has expressed interest in renewing the lease early at a 10-16% increase in rent (Contact Agent for Details)
• Founded in 1925, Napa Auto Parts, a subsidiary of the Genuine Parts Company, is a leading provider of automotive parts and accessories
• The lease features a 16.67% rental increase in Sept. of 2027 and has a 7.15%increase in the option period
• Tenant has expressed interest in renewing the lease early at a 10-16% increase in rent (Contact Agent for Details)
• Founded in 1925, Napa Auto Parts, a subsidiary of the Genuine Parts Company, is a leading provider of automotive parts and accessories
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
B
Year Built
2022
Price
$600,000
Price Per SF
$120
Cap Rate
6%
NOI
$36,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.43 AC
Frontage
150’ on South Church Street
Amenities
- Corner Lot
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 134308 | Improvements Assessment | $315,170 |
| Land Assessment | $34,420 | Total Assessment | $349,590 |
Property Taxes
Parcel Number
134308
Land Assessment
$34,420
Improvements Assessment
$315,170
Total Assessment
$349,590
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Napa Auto Parts - Hillsboro TX | 201 Corsicana Hwy
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