2610 Highway 35 N | Rockport, TX 78382
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2610 Highway 35 N
Rockport, TX 78382
Retail Property For Sale
Executive Summary
Absolute Net Lease Investment on a Minit Man Oil Change/Grease Monkey Corporate Guaranteed with 12 years left on a 15 year Lease with 2-5 year Options. Rare 2% Yearly Rental Increases. 2190sf Oil Change with a 1688sf Separate Car Wash Building on 1.38acs. Frontage on TX-35 with Traffic Counts of approximately 16,932 cars per day. No State Income Tx. Popular Tourist Attractions Include Aransas National Wildlife Refuge(75,000 visitors), Texas Maritime Museum (15,000 visitors), Fulton Mansion (17,000 visitors), Rockport Beach Park(41,000 visitors)
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,190 SF
Year Built
1994
Price
$2,386,330
Price Per SF
$1,090
Cap Rate
5.75%
NOI
$137,214
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.38 AC
Parking
20 Spaces
Frontage
184 FT on Highway 35 North
PROPERTY TAXES
| Parcel Number | R19878 | Improvements Assessment | $1,760,000 |
| Land Assessment | $440,000 | Total Assessment | $2,200,000 |
PROPERTY TAXES
Parcel Number
R19878
Land Assessment
$440,000
Improvements Assessment
$1,760,000
Total Assessment
$2,200,000
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