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Big O Tires 2319 S Texas Ave 7,336 SF Retail Building College Station, TX 77840 $4,185,600 CAD ($570.56 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- NNN Lease structure provides passive income to Landlord with little management responsibility
- Tenant maintains the site and building, including roof and HVAC
- Located near the heavily trafficked intersection of Harvey Mitchell Parkway (34,789 VPD) and Texas Avenue (32,798VPD)
- One (1) additional Ten (10) year extension option
- Target, HEB, Hobby Lobby, Ross, and many other retailers in the immediate area
- Large parcel allows excess parking and future expansion opportunity
EXECUTIVE SUMMARY
OLDHAM GOODWIN is pleased to present 2319 Texas Avenue South for your consideration. This 7,336 SF retail building in College Station, TX, is located in a high traffic corridor with direct visibility and exposure to nearly 51,000 cars per day on Texas Avenue. The property benefits from a new ten (10) year NNN lease with a strong franchisee of Big O Tires, an automotive service franchisor of 450+ locations. This franchisee has been in business for 15 years and operates 21 Big O Tires as well as an additional four Harley-Davidson dealerships.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,336 SF
Building Class
B
Year Built/Renovated
1984/2014
Price
$4,185,600 CAD
Price Per SF
$570.56 CAD
Cap Rate
6%
NOI
$251,136 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.43 AC
Zoning
GC - General Commercial
Parking
41 Spaces (5.59 Spaces per 1,000 SF Leased)
Frontage
139’ on S Texas Ave
AMENITIES
- Pylon Sign
- Security System
- Air Conditioning
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 81956 | Improvements Assessment | $555,557 CAD |
| Land Assessment | $1,742,689 CAD | Total Assessment | $2,298,246 CAD |
PROPERTY TAXES
Parcel Number
81956
Land Assessment
$1,742,689 CAD
Improvements Assessment
$555,557 CAD
Total Assessment
$2,298,246 CAD
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Big O Tires | 2319 S Texas Ave
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