For Sale
$520,000

103 Travis St La Grange, TX 78945

High-Traffic Retail Center, 11,000 SF

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional retail property in La Grange, Texas, presents a unique investment opportunity. Located at the busy intersection of Highways 77 and 71, this 11,000 square foot, Class B property boasts a 100% occupancy rate and includes a well-established auto shop, convenience store, and eight-pump gas station. The property sits on a 0.24-acre lot and is offered at $520,000, representing a price per square foot of $47.27 and a 5.00% cap rate. The business has enjoyed a 50-year history of operation, building a strong reputation for excellent customer service and community engagement. Recent surveys and environmental assessments have been completed. The sale is an absolute NNN lease, offering a low-maintenance investment. The property benefits from its strategic location between Houston and Austin, ensuring high traffic volume and a loyal customer base. This turnkey operation is free from fuel contracts, providing immediate income and significant upside potential for the new owner. The property's long-standing success, combined with its prime location and favorable financial metrics, makes it an ideal acquisition for investors seeking a stable and profitable investment.

Highlights

  • 11,000 SF Class B retail property in La Grange, TX, at the intersection of Highways 77 and 71.
  • 100% occupancy with an auto shop, convenience store, and eight-pump gas station.
  • 0.24-acre lot, priced at $520,000 ($47.27/SF) with a 5.00% cap rate.
  • NNN lease, offering low-maintenance ownership and immediate income.
  • Free from fuel contracts, providing significant upside potential.

Property Details for 103 Travis St

Property type
Retail properties, Grocery and convenience stores
Square Feet
11,000 SF
Class
B
Lot Size (sq. ft)
10,454 SF

Location Insight

City
La Grange
County
Fayette
State
Texas
Latitude
29.9052096
Longitude
-96.8751116

FAQs

What type of property is this?
Retail property - High-Traffic Retail Center, 11,000 SF
Where is the retail property located?
The property is located at 103 Travis St La Grange, TX.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 11,000 SF Class B retail property in La Grange, TX, at the intersection of Highways 77 and 71.; 100% occupancy with an auto shop, convenience store, and eight-pump gas station.; 0.24-acre lot, priced at $520,000 ($47.27/SF) with a 5.00% cap rate.
How can I contact the broker?
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103 Travis St
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