Take 5 Oil Change NNN Ground Lease, 1565 11th Street, Huntsville, Texas

1565 11th Street Huntsville, TX 77340

1565 11th Street, Huntsville, TX, 77340
Front View
1565 11th Street, Huntsville, TX, 77340
FOR SALE NNN Property
Property Type:
Free Standing Building
Amount:
$885,000
Last Verified:
Jul 09, 2019

Highlights

  • 7 years remaining on ground lease, as of August 11, 2019
  • Offered at a 5.76% 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, home to Sam Houston State University, multiple government agencies, and Huntsville Memorial Hospital

Description

10 year corporate ground lease - commenced August 11, 2016. Remaining term is 7 years as of August 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.
Fabulous location near the intersection of Hwy 75 and 11th street (Hwy 190), the major east/west thoroughfare through the city of Huntsville. 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.

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.


Year Built: 2001
Building Size: 2213.0sq ft
Lot Size: 0.34 acres

Map of 1565 11th Street, Huntsville, TX, 77340

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