For Sale
$1,680,000

4301 College Ave Snyder, TX 79549

Texas Auto Shop - NNN Lease

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity features a brand-new, 1,682-square-foot Take 5 Oil Change in Snyder, Texas. Located at 4301 College Ave, this property sits on a 0.76-acre lot and boasts a 20-year absolute triple-net (NNN) lease with a strong corporate guarantee. The lease commenced in 2024 and includes annual rent increases of 1.50%, ensuring consistent income growth. The current annual net operating income (NOI) is $105,000, representing a 6.25% capitalization rate on the $1,680,000 asking price. The property's price per square foot is $998.81. This is a single-tenant, 100% occupied investment with significant long-term potential, offering a secure and attractive return for investors seeking a stable, net-leased automotive asset. The building was constructed in 2024. This is a sale-leaseback transaction.

Property Details for 4301 College Ave

Property type
Retail properties, Auto shops
Square Feet
1,682 SF
Year Built
2024
Lot Size (sq. ft)
33,106 SF

Location Insight

City
Snyder
County
Scurry
State
Texas
Latitude
32.6983833
Longitude
-100.9195474

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FAQs

What type of property is this?
Retail property - Texas Auto Shop - NNN Lease
Where is the retail property located?
The property is located at 4301 College Ave Snyder, TX.
What is the asking price?
The asking price for this property is $1,680,000.
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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Contacts

Glen Kunofsky
Glen Kunofsky
Amelia Haydock
Amelia Haydock
Francis Purritano
Francis Purritano
Gordon Pollock
Gordon Pollock
Edward Otocka
Edward Otocka
Visit Broker Website

Learn more

Useful Information

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College Ave
Snyder, TX 79549

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College Ave
Snyder, TX 79549

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

4301 College Ave
  • Glen Kunofsky
    Glen Kunofsky
  • Amelia Haydock
    Amelia Haydock
  • Francis Purritano
    Francis Purritano
  • Gordon Pollock
    Gordon Pollock
  • Edward Otocka
    Edward Otocka
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