Stripes | 708 N US Hwy 77
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Stripes 708 N US Hwy 77
4,991 SF Retail Building Schulenburg, TX 78956 £2,338,150 (£468/SF) 10.36% Net Initial Yield
Investment Highlights
- Absolute NNN: No Maintenance or Management for Landlord
- 7-Eleven has an S&P Credit Rating of AA-Annual Lease Increases
- 4 Fuel Islands wih 16 Pumps
- 5+ Years Remaining on Stripes LLC / 7-Eleven Lease
- Prime Freeway Location On/Off Ramps
Executive Summary
Investment Triple Net Opportunity
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
4,991 SF
Building Class
B
Year Built
2009
Price
£2,338,150
Price Per SF
£468
Net Initial Yield
10.36%
NOI
£242,331
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
1.15 AC
Zoning
C-1
Parking
40 Spaces (7.72 Spaces per 1,000 SF Leased)
Frontage
61 ft on US 77
PROPERTY TAXES
| Parcel Number | R45390 | Improvements Assessment | £460,549 |
| Land Assessment | £314,182 | Total Assessment | £774,731 |
PROPERTY TAXES
Parcel Number
R45390
Land Assessment
£314,182
Improvements Assessment
£460,549
Total Assessment
£774,731
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Stripes | 708 N US Hwy 77
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