3406 College Ave | Snyder, TX 79549
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- LoopNet Team
3406 College Ave
Snyder, TX 79549
Strickland Bros | 15-Yr NNN | Strong Sales · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New, 15-year, absolute NNN lease | Zero Landlord responsibilities
- Long-term operating history | Site has been an oil change for decades and has a well-established customer base
- 0% rental increases every 5 years throughout initial term and options | Strong hedge against inflation | Average CAP of 7.44% over the remaining term
- Corporate guaranty from a rapidly growing tenant | 227+ locations across 27 states and is contracted to grow to 242 locations by end of 2024
- Strong performing location | Speak with Agent for details
- Asset may be eligible for Bonus/Accelerated Depreciation, which is a huge tax advantage | Speak with your CPA/Tax Advisor to confirm
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,141 SF
Building Class
C
Year Built/Renovated
1985/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.67 AC
Parking
10 Spaces (3.64 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 20002 | Improvements Assessment | $420,890 |
| Land Assessment | $214,172 | Total Assessment | $635,062 |
PROPERTY TAXES
Parcel Number
20002
Land Assessment
$214,172
Improvements Assessment
$420,890
Total Assessment
$635,062
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