2918 Pine Shadows DrHuntsville, TX 77320
- Land
- 10.05 AC
Property Details for 2918 Pine Shadows Dr
- Lot size
- 10.05 AC
- Property type
- Land
- Property subtype
- Commercial land
- APN
- 34333
- APU
- 34333
Description
Exceptional investment opportunity: a 16,345 square foot, Class A auto shop in Huntsville, Texas. This property boasts a 15.6-year absolute NNN lease with Caliber Collision, the nation's largest collision repair provider, backed by a corporate guarantee. The lease features a 10% rent increase every five years, ensuring strong future returns. Built in 2025, this strategically located property sits on a 1.5-acre lot and generates a substantial net operating income (NOI) of $390,000, yielding a 6.35% cap rate. The property benefits from its proximity to major retailers like Home Depot, Walmart, and Target, as well as numerous auto dealerships and service centers, including Chrysler, Dodge, Jeep, Cadillac, Chevrolet, GMC, and Buick. Its location near Huntsville Municipal Airport and Sam Houston State University further enhances its value. The property's strong tenant, long-term lease, and significant rental increases make it an attractive investment with substantial tax benefits available through accelerated depreciation and cost segregation. The asking price is $6,141,732.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $137,809,424
- Hospitality
- $126,232,696
- Educational
- $105,024,120
- Medical
- $108,636,064
- Retail
- $163,370,864
Location Insight
- City
- Huntsville
- County
- Walker
- State
- Texas
- Latitude
- 30.7232
- Longitude
- -95.5704
- CBSA code
- 26660
- CBSA name
- HUNTSVILLE, TX MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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