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CLASSIC COLLISION 2888 Memorial Blvd

15,107 SF Retail Building Kerrville, TX 78028 £1,860,044 (£123/SF) 8% Net Initial Yield

Investment Highlights

  • Proven Operating History – This site has been the home to auto repair tenants for 30+ years
  • High Visibility – Property sits along Memorial Blvd which sees ±13,136 Vehicles per day
  • Growing Market – Kerrville, TX is expected to Triple in Size by 2050
  • Corporate Lease – Classic Collision currently operates over 278 locations throughout the country and is rapidly expanding
  • Tenant Commitment – Classic Collision extended their lease early reflecting their strong commitment to this location
  • Strategic Location – Located just 0.8 miles from Schreiner University which has a student population of 1,230

Executive Summary

Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
15,107 SF
Building Class
C
Year Built
1977
Price
£1,860,044
Price Per SF
£123
Net Initial Yield
8%
NOI
£148,803
Tenancy
Single
Number of Floors
1
Building FAR
0.22
Land Acres
1.58 AC
Zoning
C-2 - commercial

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Classic Collision
  • -
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Classic Collision - - - -
  • Listing ID: 33367983

  • Date on Market: 01/10/2024

  • Last Updated:

  • Address: 2888 Memorial Blvd, Kerrville, TX 78028

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