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Main Street Auto 2057 FM 2657

15,500 SF Retail Building Copperas Cove, TX 76522 $3,785,714 ($244/SF) 7% Cap Rate

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Corporate Guarantee
  • Attractive Rental Increases | The lease will feature 2.00% rental increases annually.

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Main
Street Auto located at 2057 S FM 2657, Copperas Cove, TX
76522. The site consists of roughly 15,500 rentable square feet of
building space on an estimated 2.5-acre parcel of land. This Main
Street Auto is subject to a 20-year Triple Net (NNN) lease which
will commence upon close of escrow. The annual rent will be
$265,000 and has scheduled increases of 2.00% Annually.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
15,500 SF
Building Class
C
Year Built
1990
Price
$3,785,714
Price Per SF
$244
Cap Rate
7%
NOI
$265,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Land Acres
2.50 AC
Parking
18 Spaces
Frontage
84 FT on Farm to Market Road 2657
  • Listing ID: 32973536

  • Date on Market: 8/27/2024

  • Last Updated:

  • Address: 2057 FM 2657, Copperas Cove, TX 76522

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