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Chase Bank 2335 Boonville Rd

3,896 SF Retail Building Bryan, TX 77808 £1,925,160 (£494/SF) 6% Net Initial Yield

Investment Highlights

  • 20 year lease, expires 05/31/29
  • Four (4) Five (5) year renewal options, each with 10% rental increase
  • Excellent frontage on Boonville Rd
  • Absolute Net Lease (no landlord responsibilities)
  • Present Base Rental and NOI of $146,410/year
  • Boonville Rd 24,074 VPD

Executive Summary

Building Size: 3,896 SF approx. plus 880 SF of canopy for 4 drive-thru lanes including one ATM lane.
Parking: All concrete 32 spaces.
Year Built: 2009
Location: At major Bryan intersection by Colony Park Shopping Center, anchored by Kroger. Only 4 1/2 miles from Texas A&M University.
Surrounded by growing subdivisions.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,896 SF
Building Class
C
Year Built
2009
Price
£1,925,160
Price Per SF
£494
Net Initial Yield
6%
NOI
£115,431
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
0.97 AC
Zoning
C2 - Commercial

Nearby Major Retailers

IHOP
Twin Peaks
Chase Bank
Dutch Bros
Kroger
Starbucks
Cotton Patch Café
Hooters
Cracker Barrel Old Country Store
Taco Casa

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
349481
Land Assessment
£327,049
Improvements Assessment
£776,618
Total Assessment
£1,103,667
  • Listing ID: 33042090

  • Date on Market: 03/09/2024

  • Last Updated:

  • Address: 2335 Boonville Rd, Bryan, TX 77808

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