Stripes | 708 N US Hwy 77
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Stripes 708 N US Hwy 77
4,991 SF Retail Building Schulenburg, TX 78956 $2,985,000 ($598/SF) 10.36% 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
- 5+ 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
$2,985,000
Price Per SF
$598
Cap Rate
10.36%
NOI
$309,372
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.15 AC
Zoning
C-1
Parking
40 Spaces (7.72 Spaces per 1,000 SF Leased)
Frontage
61 FT on US 77
PROPERTY TAXES
| Parcel Number | R45390 | Improvements Assessment | $587,960 |
| Land Assessment | $401,100 | Total Assessment | $989,060 |
PROPERTY TAXES
Parcel Number
R45390
Land Assessment
$401,100
Improvements Assessment
$587,960
Total Assessment
$989,060
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Stripes | 708 N US Hwy 77
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