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8319 Highway 146 2,000 SF 4-Star Retail Building Baytown, TX 77523 $1,854,000 ($927/SF) 5.50% Cap Rate
Investment Highlights
- Long-term absolute NNN lease
- Corporate ground lease
- Excellent access and visibility
- 10% rental escalations
- Brand new construction
- Surrounded by national retailers
Executive Summary
The Blue Ox Group is pleased to offer the opportunity to acquire the fee simple interest (land ownership) in an absolute NNN leased Valvoline Instant Oil Change (“Valvoline”) investment property located in Baytown, TX. The Tenant, Valvoline, recently signed a brand-new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease includes 10% rental increases every 5 years throughout the initial term and option periods, providing strong inflation protection. This absolute NNN lease offers zero landlord responsibilities, making it an ideal, management-free investment for a passive investor.
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Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$1,854,000
Price Per SF
$927
Cap Rate
5.50%
NOI
$101,970
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.48 AC
Zoning
Commerical
Frontage
232’ on North Highway 146
Amenities
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
1 of 8
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8319 Highway 146
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