407 Main StTaylor, TX 76574

Property Details for 407 Main St

Year built

1945

Lot size

0.12 AC

Property size (Sq ft)

1,450 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 1,450-square-foot retail property located at 407 S Main St, Taylor, TX 76574. Currently occupied by a credit-rated Starbucks under a triple-net (NNN) lease, this single-tenant property boasts a 100% occupancy rate. The lease commenced on October 17, 2023, and expires on November 30, 2023, offering a unique redevelopment opportunity. The property features a Class C building constructed in 1945 and renovated in 2020, situated on a 0.12-acre lot zoned B3. With a net operating income (NOI) of $54,000 and an asking price of $750,000, this translates to a compelling 7.20% cap rate and a price per square foot of $517.24. The property's prime downtown Taylor location presents significant potential for future development, particularly given the availability of two adjacent properties for sale (allowing for the creation of a larger shopping center). This is a single-story building with one unit. The property is offered for sale by owner. This is a rare chance to acquire a high-performing asset in a thriving Texas market.

Location Insight

City

Taylor

County

Williamson

State

Texas

Latitude

30.5642

Longitude

-97.4087

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].