Take 5 Oil Change NNN Ground Lease, 1565 11th Street, Huntsville, Texas
1565 11th Street
Huntsville, TX 77340
- 7 years 7 months remaining ground lease, as of January 11, 2019
- Offered at a 5% CAP rate with 10% increases in rent for each of the 5 year renewal option periods.
- Strong corporate guarantee from national credit tenant with over 190 locations in 12 states.
- Absolute NNN lease with tenant responsible for all maintenance including roof and structure, plus water and sewer lines.
- Steady growth in Huntsville due to major government prison complexes within the city.
- Home to Sam Houston State University.
10 year corporate ground lease - commenced August 11, 2016. Remaining term is 7 years, 7 months as of January 11, 2019. Lease has four (4) option periods of five (5) years each. Lease rate is fixed for first 10 year term, then increases 10% each 5 year renewal period.
Located adjacent to the intersection of Hwy 75 and 11th street (Hwy 190), the major east/west thoroughfare through the city of Huntsville. With a traffic count of more than 22,000 per day, it is nestled next to CVS Pharmacy, and across the street from Walgreen's, HEB Grocery, O'Reilly's Auto Parts, Enterprise Rent-A-Car, Family Dollar, and McKenzie's Barbecue.