Stripes 708 N US Hwy 77 4,991 SF Retail Building Schulenburg, TX 78956 $2,578,000 ($516.53/SF) 12% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN: No Maintenance or Management for Landlord
- 7-Eleven has an S&P Credit Rating of AA-Annual Lease Increases
- 4 Fuel Islands wih 16 Pumps
- ±4.75 Years Remaining on Stripes LLC / 7-Eleven Lease
- Prime Freeway Location On/Off Ramps
EXECUTIVE SUMMARY
Investment Triple Net Opportunity
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
4,991 SF
Building Class
B
Year Built
2009
Price
$2,578,000
Price Per SF
$516.53
Cap Rate
12%
NOI
$309,360
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.15 AC
Zoning
C-1 - Commercial
Parking
40 Spaces (7.72 Spaces per 1,000 SF Leased)
Frontage
61’ on US 77
PROPERTY TAXES
| Parcel Number | R45390 | Improvements Assessment | $587,960 |
| Land Assessment | $401,100 | Total Assessment | $989,060 |
