3509 4Th StTaylor, TX 76574

Property Details for 3509 4Th St

Year built

1997

Lot size

3.98 AC

Property size (Sq ft)

13,151 SF

Property type

Retail properties

Property subtype

Auto shops

Description

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.

Location Insight

City

Taylor

County

Williamson

State

Texas

Latitude

30.5788

Longitude

-97.3664

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