2200 Gregg StBig Spring, TX 79720

Property Details for 2200 Gregg St

Year built

1968

Lot size

0.32 AC

Property size (Sq ft)

14,000 SF

Property type

Commercial real estate

APN

279322

APU

279322

Description

This exceptional investment opportunity presents a brand-new, 510-square-foot 7Brew Coffee location in Big Spring, Texas. Situated on a 0.32-acre lot at 2200 S Gregg St, this Class A retail property boasts a highly desirable absolute NNN ground lease with a prominent franchisee tenant. The 15-year lease, commencing November 1, 2024, and expiring November 1, 2039, includes five 5-year renewal options. The lease structure ensures minimal landlord responsibilities, with the tenant covering all property taxes, insurance, and maintenance. A significant advantage is the built-in 10% rent increase every five years, providing consistent income growth. The property benefits from a high-traffic location on S. Gregg Street, experiencing over 14,000 vehicles daily. With a current Net Operating Income (NOI) of $102,000 and a 6.00% cap rate, this offering presents a compelling investment opportunity for those seeking passive income and potential appreciation. The asking price is $1,700,000. This is an ideal asset for a 1031 exchange or any investor seeking a low-maintenance, high-return investment. The tenant, a major 7Brew operator, currently manages 28 locations and plans to expand to 50 more by the end of 2025. The property was built in 2024 and enjoys 100% occupancy.

Location Insight

City

Big Spring

County

Howard

State

Texas

Latitude

32.2329

Longitude

-101.472

CBSA code

13700

CBSA name

BIG SPRING, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].