920 Court StSeguin, TX 78155

Property Details for 920 Court St

Year built

2023

Lot size

0.39 AC

Property size (Sq ft)

2,913 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional retail investment opportunity in Seguin, Texas, presents a 2,913 square foot, single-story, Class A building on a 0.389-acre lot. The property is 100% occupied by three tenants under a triple-net (NNN) lease structure, offering a hands-off investment experience. Built in 2023, the center features a convenient drive-thru and ample parking (14 spaces). The current leases, commencing December 31, 2023, and expiring December 30, 2040, have a remaining term of 16.1 years, with 3% annual rent bumps. The property boasts a strong net operating income (NOI) of $280,000, resulting in a 6.51% cap rate. The asking price is $4,300,000, translating to $1,476.14 per square foot. This fee-simple ownership opportunity provides a stable income stream with minimal landlord responsibilities, making it an attractive investment for discerning buyers. The tenant mix includes a synergistic blend of medical and quick-serve establishments, ensuring consistent occupancy and revenue generation. The property's prime location in Seguin, Guadalupe County, Texas, further enhances its investment appeal.

Location Insight

City

Seguin

County

Guadalupe

State

Texas

Latitude

29.5694

Longitude

-97.9789

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