For Sale
$4,400,000

516 I-10 Seguin, TX 78155

High-Yield Texas Retail Center

Overview

Added:
Dec 11, 2024
Days on market:
133
Exceptional investment opportunity in Seguin, Texas, featuring a 53,704 square foot, 100% occupied Murdoch's Ranch & Home Supply storefront. This fee-simple property boasts a strong 6.85% cap rate and a substantial net operating income (NOI) of $301,199. The property sits on a 7.91-acre lot with ample parking (683 spaces) and benefits from a newly signed 10-year lease with three 5-year renewal options, including 2% annual rent bumps. Located on I-10 frontage road, this high-visibility location enjoys daily traffic exceeding 51,200 vehicles and is surrounded by other major retailers, including Home Depot, Walmart, and H-E-B. The property's prime location within Seguin's industrial corridor, coupled with the strong demographics of the area (average household income of $91,527 within a 5-mile radius), ensures a stable and growing income stream. The tenant is undertaking a significant interior remodel in 2025 at their expense. Recent parking lot improvements were completed in October 2024. The property's zoning is commercial, and the APN is 2G-0006-0000-06800-000. This is a low-management, passive investment opportunity with significant upside potential. The asking price is $4,400,000, representing a price per square foot of $81.93. The lease is a triple net (NN) lease with limited landlord responsibilities.

Highlights

  • Brand new 10-year lease with extension options and annual rent increases.
  • Triple-net (NNN) lease with fee simple ownership and minimal landlord responsibilities.
  • High-traffic location on I-10 (51,200 vehicles per day) within a thriving industrial corridor offering excellent visibility.
  • Strong demographics within a 5-mile radius.

Property Details for 516 I-10

Property type
Retail properties, Retail space
Square Feet
53,704 SF
Year Built
2000
Lot Size (sq. ft)
344,560 SF

Location Insight

City
Seguin
County
Guadalupe
State
Texas
Latitude
29.6148511
Longitude
-97.799582

FAQs

What type of property is this?
Retail property - High-Yield Texas Retail Center
Where is the retail property located?
The property is located at 516 I-10 Seguin, TX.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Brand new 10-year lease with extension options and annual rent increases.; Triple-net (NNN) lease with fee simple ownership and minimal landlord responsibilities.; High-traffic location on I-10 (51,200 vehicles per day) within a thriving industrial corridor offering excellent visibility.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
516 I-10
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message