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Chase Bank 2335 Boonville Rd 3,896 SF Retail Building Bryan, TX 77808 $2,250,000 ($577.52/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 20 year ground lease with Chase Bank, expires 05/31/29
- Four (4) Five (5) year renewal options, each with 10% rental increase
- Excellent frontage on Boonville Rd
- Absolute Net Lease (no landlord responsibilities)
- Present Base Rental and NOI of $146,410/year
- Boonville Rd 24,074 VPD
EXECUTIVE SUMMARY
3,896 SF building with approx. 880 SF of canopy for 4 drive-thru lanes including one ATM lane Located at the major Bryan intersection by Colony Park Shopping Center, anchored by Kroger. Only 4 1/2 miles from Texas A&M University and surrounded by growing subdivisions. 32 parking spaces - all concrete.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,896 SF
Building Class
B
Year Built
2009
Price
$2,250,000
Price Per SF
$577.52
Cap Rate
6.50%
NOI
$146,300
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.97 AC
Zoning
C2 - Commercial
Parking
32 Spaces (8.21 Spaces per 1,000 SF Leased)
Frontage
175’ on Boonville Rd
NEARBY MAJOR RETAILERS
1 of 4
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Chase Bank | 2335 Boonville Rd
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