510 Guadalupe StSan Marcos, TX 78666

Property Details for 510 Guadalupe St

Year built

2017

Lot size

0.77 AC

Property size (Sq ft)

7,020 SF

Property type

Commercial real estate

APN

R151538

APU

R151538

Description

This exceptional investment opportunity presents a fee-simple ownership of a 6,864 square foot retail auto parts store in San Marcos, Texas, part of the Austin MSA. The property, built in 2017, sits on a 0.77-acre lot at 510 S Guadalupe St, 78666, and boasts a 100% occupancy rate with a credit-rated corporate guaranteed tenant under an absolute NNN lease. The current lease, commencing August 31, 2017, and expiring August 29, 2032, has approximately 7.8 years remaining. The lease includes four, five-year renewal options with a 5% rent increase in each option period. The property generates a substantial net operating income (NOI) of $131,544, resulting in a compelling 6.75% cap rate and a price per square foot of $283.92. The asking price is $1,948,800. This prime location benefits from its proximity to Texas State University and significant traffic volume on Interstate-35. The area also features several recently completed student housing developments, further enhancing the property's long-term value and potential for growth. This is a rare opportunity to acquire a stable, high-performing asset with a strong tenant and significant remaining lease term.

• Alternative Use

  Use

  Valuation

  Residential

  $2,703,088

  Hospitality

  $2,476,014

  Educational

  $2,060,014

  Medical

  $2,130,861

  Retail

  $3,204,466

Location Insight

City

San Marcos

County

Hays

State

Texas

Latitude

29.8749

Longitude

-97.9405

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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