516 I-10Seguin, TX 78155
- Retail properties
- 53,704 SF
Property Details for 516 I-10
- Year built
- 2000
- Lot size
- 7.91 AC
- Property size (Sq ft)
- 53,704 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
Exceptional investment opportunity in Seguin, Texas, featuring a 53,704 square foot, 100% occupied Murdoch's Ranch & Home Supply storefront. This fee-simple property boasts a strong 6.85% cap rate and a substantial net operating income (NOI) of $301,199. The property sits on a 7.91-acre lot with ample parking (683 spaces) and benefits from a newly signed 10-year lease with three 5-year renewal options, including 2% annual rent bumps. Located on I-10 frontage road, this high-visibility location enjoys daily traffic exceeding 51,200 vehicles and is surrounded by other major retailers, including Home Depot, Walmart, and H-E-B. The property's prime location within Seguin's industrial corridor, coupled with the strong demographics of the area (average household income of $91,527 within a 5-mile radius), ensures a stable and growing income stream. The tenant is undertaking a significant interior remodel in 2025 at their expense. Recent parking lot improvements were completed in October 2024. The property's zoning is commercial, and the APN is 2G-0006-0000-06800-000. This is a low-management, passive investment opportunity with significant upside potential. The asking price is $4,400,000, representing a price per square foot of $81.93. The lease is a triple net (NN) lease with limited landlord responsibilities.
Location Insight
- City
- Seguin
- County
- Guadalupe
- State
- Texas
- Latitude
- 29.6149
- Longitude
- -97.7996
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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