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100% NNN Leased - 3of4 Corp LongTerm Tenants 400-414 N King St

5,500 SF 55% Leased Retail Building Seguin, TX 78155 $1,295,000 ($235/SF) 7.32% Cap Rate

Investment Highlights

  • NNN leased to 3 tenants
  • Seguin is in Guadalupe county and is part of the San Antonio MSA. 3rd largest MSA in TX behind Dallas and Houston.
  • Seguin is the home for a number of national and top quality regional retailers, and has become a retail hub for a 3 county area
  • 2 regional corporate tenants in the center since 2000 & 2015
  • Less than 1/2 mile to Seguin High School
  • Less than 1/2 mile to Guadalupe Regional Medical Center. A level IV trauma center generating over $325 million of annual revenue (139 patient beds).

Executive Summary

Less than 1/2 mile to Guadalupe Regional Medical Center. A level IV trauma center generating over $325 million of annual revenue (139 patient beds). Surrounded by a variety of medical offices CVS, Walgreens as well as powerhouse retailers including Walmart Supercenter, HEB, Tractor Supply, McDonalds, Whataburger, Advance Auto, T-Mobile, prosperity Bank

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,500 SF
Building Class
C
Year Built
1987
Price
$1,295,000
Price Per SF
$235
Cap Rate
7.32%
NOI
$94,794
Percent Leased
55%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.33 AC
Parking
18 Spaces (3.27 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • 1,250 SF
  • -
  • Triple Net
  • Jan 2024

Covington Credit is proud to be a part of the Heights Finance family of brands! They offer quick and easy loans at conveniently-located branches in Alabama, Georgia, Oklahoma, South Carolina, Tennessee and Texas. For over 30 years, they've helped good, honest and hard-working people get the money they need. Their simple, fixed-rate loans range from $300 to $1,400, making them the best place to get fast cash. And, you can be sure that they'll treat you with the respect you deserve, while helping you find the perfect solution to your individual situation.

  • Gold Star Finance
  • Finance and Insurance
  • 1,200 SF
  • -
  • Triple Net
  • Oct 2024
  • The Ranch Glass Gallery
  • Retailer
  • 1,850 SF
  • -
  • Triple Net
  • Feb 2026
  • Finance and Insurance
  • 1,200 SF
  • -
  • Triple Net
  • Sep 2022

For the past several decades, World Finance has been helping people realize their financial goals by offering fixed rate and payment loan solutions. With branches nationwide, they are part of the communities in which they serve. Their branches are staffed with friendly, knowledgeable team members who live and work right in their town. They understand clients' needs and are available to meet with them one-on-one to discuss their loan options. When clients need to borrow money, World Finance is there as a financial neighbor clients can rely on and trust. Since 1962, they’ve been committed to helping their neighbors thrive and grow by supporting their financial needs. With them, clients get the strength of a national financial institution and the personal services of local neighborhood branches. It’s one of the top reasons millions of customers choose them.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Finance and Insurance 1,250 SF - Triple Net Jan 2024
Gold Star Finance Finance and Insurance 1,200 SF - Triple Net Oct 2024
The Ranch Glass Gallery Retailer 1,850 SF - Triple Net Feb 2026
Finance and Insurance 1,200 SF - Triple Net Sep 2022

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 401
  • 1,250 SF
  • Retail
  • -
  • Now
  • 404
  • 1,250 SF
  • Retail
  • In-Line
  • Now

Move in ready

Space Size Space Use Position Available
401 1,250 SF Retail - Now
404 1,250 SF Retail In-Line Now

401

Size
1,250 SF
Space Use
Retail
Position
-
Available
Now

404

Size
1,250 SF
Space Use
Retail
Position
In-Line
Available
Now

404

Size 1,250 SF
Space Use Retail
Position In-Line
Available Now

Move in ready

Nearby Major Retailers

H-E-B
Woodforest National Bank
CrossFit
HOTWORX
La Michoacana Meat Market
Bank of America
Prosperity Bank
Buddy's Home Furnishings
Wells Fargo Bank
First United Bank And Trust Company

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1G2130-0440-01500-0-00
Land Assessment
$66,632
Improvements Assessment
$160,493
Total Assessment
$227,125
  • Listing ID: 24144357

  • Date on Market: 9/22/2021

  • Last Updated:

  • Address: 400-414 N King St, Seguin, TX 78155

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