For Sale
$3,880,050

3509 4Th St Taylor, TX 76574

High-Yield NNN Lease, Taylor, TX

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a fee-simple ownership of a 13,151 square-foot auto shop in Taylor, Texas. The property, situated on a 3.98-acre lot at 3509 E 4th St, boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $271,604. The property is currently under a 20-year triple-net (NNN) lease with Main Street Auto, a rapidly expanding automotive repair chain with approximately 70 locations and plans for significant future growth. The lease, commencing upon closing, includes a corporate guarantee and features annual rent increases of 2.00%, ensuring consistent income growth. Built in 1997 and renovated in 2001, the building offers a well-maintained space for the tenant's operations. The $3,880,050 asking price translates to a price per square foot of $295.04, reflecting the property's strong tenant, long-term lease, and attractive financial performance. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term growth potential in a thriving market. The property's location in Williamson County, Texas, offers excellent access to major transportation routes and a growing customer base. This NNN lease structure minimizes landlord responsibilities, making it an ideal investment for passive income seekers. The combination of a strong tenant, long-term lease, and built-in rent increases makes this a compelling investment opportunity with significant upside potential.

Highlights

  • 20-Year Absolute Triple Net (NNN) Lease with no landlord responsibilities.
  • 2% annual rental increases.
  • Corporate guarantee from Main Street Auto, a rapidly growing automotive repair shop operator.

Property Details for 3509 4Th St

Property type
Retail properties, Auto shops
Square Feet
13,151 SF
Year Built/Renovated
1997/2001
Lot Size (sq. ft)
173,369 SF

Location Insight

City
Taylor
County
Williamson
State
Texas
Latitude
30.5788214
Longitude
-97.3663922

FAQs

What type of property is this?
Retail property - High-Yield NNN Lease, Taylor, TX
Where is the retail property located?
The property is located at 3509 4Th St Taylor, TX.
What is the asking price?
The asking price for this property is $3,880,050.
What are key features of this property?
This property features: 20-Year Absolute Triple Net (NNN) Lease with no landlord responsibilities.; 2% annual rental increases.; Corporate guarantee from Main Street Auto, a rapidly growing automotive repair shop operator.
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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3509 4Th St
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