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Goodturn Tire and Auto 281 S Tx-3 Hwy 5,576 SF Retail Building League City, TX 77573 $2,000,000 ($358.68/SF) 6% Cap Rate
Investment Highlights
- Extremely Strong Unit-Level Performance | Robust Guarantee
- Excellent Frontage | Near Major Retailers
- Income Tax-Free State
- Outstanding Demographics in Houston MSA
- Affluent Community
- Absolute NNN 20-Year Corporate Sale-Leaseback
Executive Summary
Surmount is pleased to present the exclusive listing for a Goodturn Tire and Auto located at 281 State Highway 3, League City, TX 77573. The site consists of roughly 5,368 rentable square feet of building space on an estimated 1-acre parcel of land. Goodturn Tire and Auto is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $120,000 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,576 SF
Building Class
C
Year Built
1980
Price
$2,000,000
Price Per SF
$358.68
Cap Rate
6%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.43 AC
Parking
16 Spaces (3.04 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0003-0070-0000-000 | Improvements Assessment | $400,945 |
| Land Assessment | $54,990 | Total Assessment | $455,935 |
Property Taxes
Parcel Number
0003-0070-0000-000
Land Assessment
$54,990
Improvements Assessment
$400,945
Total Assessment
$455,935
Contacts
-
Alexandre Marietto -
James Westerberg -
RJ Stein -
John McHugh -
Glen Kunofsky -
Christopher Marks -
Surmount
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