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Sun Auto Service - Corporate Guaranty 6750 Corpus Christi Dr 8,256 SF Retail Building Austin, TX 78729 $3,014,575 ($365.14/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Located In the Heart of Austin MSA
- Strong Corporate Guarantee
- Long Term NNN Lease With Annual Increases & Zero Landlord Responsibilities
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Sun Auto located at 6750 Corpus Christi Drive, Austin, TX 78729. The site consists of roughly 8,256 rentable square feet of building space on an estimated 0.8-acre parcel of land. This Sun Auto is subject to a 20-year Triple Net (NNN) lease, which commenced 4/23/2021. The current annual rent is $188,411 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,256 SF
Building Class
C
Year Built
1997
Price
$3,014,575
Price Per SF
$365.14
Cap Rate
6.25%
NOI
$188,411
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.80 AC
Zoning
CS
Parking
23 Spaces (2.79 Spaces per 1,000 SF Leased)
Frontage
226’ on Corpus Christi Dr
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 174173 | Improvements Assessment | $1,483,276 |
| Land Assessment | $278,433 | Total Assessment | $1,761,709 |
PROPERTY TAXES
Parcel Number
174173
Land Assessment
$278,433
Improvements Assessment
$1,483,276
Total Assessment
$1,761,709
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Sun Auto Service - Corporate Guaranty | 6750 Corpus Christi Dr
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