For Sale
$750,000

407 Main St Taylor, TX 76574

Starbucks-occupied, redevelopment opportunity.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a 1,450-square-foot retail property located at 407 S Main St, Taylor, TX 76574. Currently occupied by a credit-rated Starbucks under a triple-net (NNN) lease, this single-tenant property boasts a 100% occupancy rate. The lease commenced on October 17, 2023, and expires on November 30, 2023, offering a unique redevelopment opportunity. The property features a Class C building constructed in 1945 and renovated in 2020, situated on a 0.12-acre lot zoned B3. With a net operating income (NOI) of $54,000 and an asking price of $750,000, this translates to a compelling 7.20% cap rate and a price per square foot of $517.24. The property's prime downtown Taylor location presents significant potential for future development, particularly given the availability of two adjacent properties for sale (allowing for the creation of a larger shopping center). This is a single-story building with one unit. The property is offered for sale by owner. This is a rare chance to acquire a high-performing asset in a thriving Texas market.

Highlights

  • $750,000 asking price for a 1,450 SF retail property.
  • Located in downtown Taylor, Texas at 407 S Main St.
  • Currently 100% occupied by a credit-rated Starbucks tenant under a NNN lease.
  • Features a 7.20% cap rate with a $54,000 NOI.
  • The property is a single-story, 1,450 square foot building on a 0.12-acre lot, built in 1945 and renovated in 2020.

Property Details for 407 Main St

Property type
Retail properties, Restaurants
Square Feet
1,450 SF
Class
C
Year Built/Renovated
1945/2020
Buildings
1
Stories
1
Lot Size (sq. ft)
5,227 SF
Units
1

Location Insight

City
Taylor
County
Williamson
State
Texas
Latitude
30.5642336
Longitude
-97.4087125

FAQs

What type of property is this?
Retail property - Starbucks-occupied, redevelopment opportunity.
Where is the retail property located?
The property is located at 407 Main St Taylor, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: $750,000 asking price for a 1,450 SF retail property.; Located in downtown Taylor, Texas at 407 S Main St.; Currently 100% occupied by a credit-rated Starbucks tenant under a NNN lease.
How can I contact the broker?
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407 Main St
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