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Gunter Retail Strip 605 N Preston Rd 9,318 SF 100% Leased Retail Building Gunter, TX 75058 $3,322,000 ($356.51/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- ? Less than a Mile from Gunter High School & Gunter Middle School of Gunter ISD, which is Ranked #3 Best School Districts in Grayson County ? Near the
- Strong Fundamentals with Parallel Positioning to Preston Road/US 289 (10,900+ Vehicles Per Day), Average Suite Size of 2,285 SF, & Multiple Ingress/Eg
- 2018 Construction with an Average Lease Term Expiration August 2032
EXECUTIVE SUMMARY
100% Leased, 9,138 SF, 4-Tenant Retail Center on Preston Road in Gunter, TX | Average Rent of $22.73 PSF NNN Expiration August 2032
?Complimentary Tenant Mix with Parkhaven Dental Care, Ship It & More, Camilo’s Tacos & JP Orthodontics, All Tenants Experiencing
Rent Bumps During Primary Term
? 2018 Construction with an Average Lease Term Expiration August 2032
? Strong Fundamentals with Parallel Positioning to Preston Road/US 289 (10,900+ Vehicles Per Day), Average Suite Size of 2,285 SF, & Multiple Ingress/Egress Points
? Nearby National Tenant Retailers Include Exxon, Sonic, United States Postal Service & Dollar General Amongst Others
?Complimentary Tenant Mix with Parkhaven Dental Care, Ship It & More, Camilo’s Tacos & JP Orthodontics, All Tenants Experiencing
Rent Bumps During Primary Term
? 2018 Construction with an Average Lease Term Expiration August 2032
? Strong Fundamentals with Parallel Positioning to Preston Road/US 289 (10,900+ Vehicles Per Day), Average Suite Size of 2,285 SF, & Multiple Ingress/Egress Points
? Nearby National Tenant Retailers Include Exxon, Sonic, United States Postal Service & Dollar General Amongst Others
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
9,318 SF
Year Built
2018
Price
$3,322,000
Price Per SF
$356.51
Cap Rate
6.25%
NOI
$207,625
Percent Leased
100%
Building Height
1 Story
PROPERTY TAXES
| Parcel Number | 151738 | Improvements Assessment | $126,473 |
| Land Assessment | $69,905 | Total Assessment | $196,378 |
PROPERTY TAXES
Parcel Number
151738
Land Assessment
$69,905
Improvements Assessment
$126,473
Total Assessment
$196,378
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Gunter Retail Strip | 605 N Preston Rd
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