2057 Fm 2657Copperas Cove, TX 76522

Property Details for 2057 Fm 2657

Lot size

2.50 AC

Property size (Sq ft)

15,500 SF

Property type

Retail properties

Property subtype

Auto shops

Description

This exceptional investment opportunity presents a 15,500-square-foot auto shop in Copperas Cove, Texas, situated on a 2.5-acre lot at 2057 FM 2657, zip code 76522. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $265,000 annually. A brand new 20-year absolute triple-net (NNN) lease is in place upon closing, ensuring minimal landlord responsibilities. The lease includes attractive 2.00% annual rental increases and four, 5-year renewal options, extending the potential lease term to 40 years. The tenant, Main Street Auto, a rapidly expanding automotive repair chain with approximately 70 existing locations and plans for 100 by the end of 2024, provides a strong corporate guarantee. The asking price is $3,785,714, translating to a price per square foot of $244.24. The property is currently operating at 100% occupancy, offering immediate and substantial returns. This is a rare opportunity to acquire a high-performing, long-term net lease investment with significant upside potential in a growing market. The property's location in Lampasas County provides excellent access and visibility. This is a turnkey investment ideal for passive income seekers.

Location Insight

City

Copperas Cove

County

Lampasas

State

Texas

Latitude

31.0948

Longitude

-97.9248

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