1406 N Mechanic St
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1406 N Mechanic St
10,150 SF 100% Leased Retail Building El Campo, TX 77437 £860,695 (£85/SF) 4.84% Net Initial Yield
Investment Highlights
- Located in a important retail corridor
- within walking distance to the neighborhood center, El Campo Plaza
- surrounded by national brand chains
- Close proximity to El Campo High School further enhances its visibility and accessibility
Executive Summary
Exceptional value-add investment opportunity in the thriving community of El Campo. This property offers significant upside potential with rents currently below market rates. Located in a high-growth area, it presents an ideal opportunity for an investor to enhance returns by transitioning the lease structure from gross to NNN, passing operating expenses to tenants and increasing the property’s long-term profitability.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,150 SF
Year Built
1990
Price
£860,695
Price Per SF
£85
Net Initial Yield
4.84%
NOI
£41,658
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.36
Lot Size
0.65 AC
Opportunity Zone
Yes
Frontage
200 ft on State Hwy 71
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 10,150 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 10,150 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 10,150 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R012199 | Total Assessment | £427,254 (2023) |
| Land Assessment | £0 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £427,254 (2023) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
R012199
Land Assessment
£0 (2023)
Improvements Assessment
£427,254 (2023)
Total Assessment
£427,254 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2025
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1406 N Mechanic St
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