For Sale
$1,850,000

360 Highway 123 Byp Seguin, TX 78155

High-traffic, national tenants, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional retail investment opportunity in Seguin, Texas, presents a 100% net-leased property featuring two national credit tenants: Wells Fargo Bank and Hibbett Sports. Located at 360 N Hwy 123 Bypass, this single-story, 8,000 square foot building sits on a 0.79-acre lot in a high-traffic area with excellent visibility. The property boasts a strong tenant profile, with Wells Fargo under a new 8-year lease including three five-year options with 10% rent increases. Hibbett Sports has consistently renewed its lease since 2005. Built in 2006 and renovated in 2023, the Class B property offers a compelling investment with a current Net Operating Income (NOI) of $116,000, resulting in a 6.27% cap rate. The asking price is $1,850,000 ($231.25 per square foot). This is a multi-tenant investment with a corporate guarantee, offering a secure and stable income stream. The property is ideally situated in a high-visibility location surrounded by other major local and national retailers, including a Walmart. This NNN investment is perfect for a 1031 exchange. The property is located in Guadalupe County, Texas, zip code 78155.

Highlights

  • 100% Net Lease to National Credit Tenants.
  • High-traffic location with excellent visibility.
  • Strong co-tenancy with major local and national retailers.

Property Details for 360 Highway 123 Byp

Property type
Retail properties, Retail space
Square Feet
8,000 SF
Class
B
Year Built/Renovated
2006/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
34,412 SF
Units
2

Location Insight

City
Seguin
County
Guadalupe
State
Texas
Latitude
29.566606493304
Longitude
-97.941449854876

FAQs

What type of property is this?
Retail property - High-traffic, national tenants, strong NOI.
Where is the retail property located?
The property is located at 360 Highway 123 Byp Seguin, TX.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 100% Net Lease to National Credit Tenants.; High-traffic location with excellent visibility.; Strong co-tenancy with major local and national retailers.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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360 Highway 123 Byp
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