For Sale
$3,750,000

2049 Main St League City, TX 77573

High-Yield NNN Leased Auto Shop

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 6,400 square foot Firestone auto shop in League City, Texas. Located at 2049 W Main St, this single-tenant, NNN-leased property boasts a 10.7-year remaining lease term (expiring July 31, 2035) with a substantial 15.1-year initial lease term commencing July 4, 2020. The property sits on a 1.42-acre lot and features a modern, eight-bay design built in 2021. Benefit from a strong 5.25% cap rate and a Net Operating Income (NOI) of $196,692. The asking price is $3,750,000 ($585.94/sq ft). This Firestone location enjoys exceptional visibility and high traffic counts (30,553 vehicles per day) on W Main St, surrounded by numerous national retailers including Walmart, Cracker Barrel, and more. The tenant, Firestone, holds an "A" investment-grade credit rating from S&P, signifying minimal risk. A primary term rental increase is scheduled in 1.5 years. This is a turnkey investment with zero landlord responsibilities.

Highlights

  • $3,750,000 asking price for this Firestone Auto Shop.
  • 6,400 square foot building on a 1.42-acre lot in League City, Texas.
  • NNN lease with a national tenant, Firestone, offering zero landlord responsibilities.
  • 10.7 years remaining on a 15-year lease with renewal options.
  • 5.25% cap rate with a current NOI of $196,692.
  • Located in a high-traffic area with strong co-tenancy including Walmart, Cracker Barrel, and other national retailers.

Property Details for 2049 Main St

Property type
Retail properties, Auto shops
Square Feet
6,400 SF
Year Built
2021
Buildings
1
Lot Size (sq. ft)
61,855 SF

Location Insight

City
League City
County
Galveston
State
Texas
Latitude
29.501144
Longitude
-95.118255

FAQs

What type of property is this?
Retail property - High-Yield NNN Leased Auto Shop
Where is the retail property located?
The property is located at 2049 Main St League City, TX.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: $3,750,000 asking price for this Firestone Auto Shop.; 6,400 square foot building on a 1.42-acre lot in League City, Texas.; NNN lease with a national tenant, Firestone, offering zero landlord responsibilities.
How can I contact the broker?
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2049 Main St
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