510 Guadalupe St San Marcos, TX 78666

This exceptional investment opportunity presents a fee-simple ownership of a 6,864 square foot retail auto parts store in San Marcos, Texas, part of the Austin MSA. The property, built in 2017, sits on a 0.77-acre lot at 510 S Guadalupe St, 78666, and boasts a 100% occupancy rate with a credit-rated corporate guaranteed tenant under an absolute NNN lease. The current lease, commencing August 31, 2017, and expiring August 29, 2032, has approximately 7.8 years remaining. The lease includes four, five-year renewal options with a 5% rent increase in each option period. The property generates a substantial net operating income (NOI) of $131,544, resulting in a compelling 6.75% cap rate and a price per square foot of $283.92. The asking price is $1,948,800. This prime location benefits from its proximity to Texas State University and significant traffic volume on Interstate-35. The area also features several recently completed student housing developments, further enhancing the property's long-term value and potential for growth. This is a rare opportunity to acquire a stable, high-performing asset with a strong tenant and significant remaining lease term.