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Spec’s (Absolute Net Lease) 8915 US Highway 175 W

7,875 SF Retail Building Cuney, TX 75759 £931,344 (£118/SF) 9% Net Initial Yield

Investment Highlights

  • Absolute Net Lease with 4.3 Years Remaining
  • Prime Location in a Mostly Dry County – Minimal Competition
  • Corporate Guarantee from Spec’s, The Largest Liquor Store Chain in Texas with 200+ Locations
  • Located in the Tyler–Jacksonville, TX CSA – Population: 297,426

Executive Summary

The property consists of a 7,875-square-foot, freestanding building that sits on 3.28 acres of land. The lease features 10 percent rent increases every five years in the options. Nearby Smith County, including larger cities like Tyler, permits only beer and wine sales, with liquor sales prohibited. The subject property, located just across the county line in Cherokee County, can sell beer, wine, and liquor. This strategic location makes the property a destination retailer and allows for liquor delivery to adjacent dry areas.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,875 SF
Building Class
C
Year Built
2007
Price
£931,344
Price Per SF
£118
Net Initial Yield
9%
NOI
£83,813
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
3.28 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

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PROPERTY TAXES

Parcel Number 000104303000 Improvements Assessment £624,384
Land Assessment £33,220 Total Assessment £657,604

PROPERTY TAXES

Parcel Number
000104303000
Land Assessment
£33,220
Improvements Assessment
£624,384
Total Assessment
£657,604
(972) 755-5205

Contact

  • Listing ID: 34147990

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: 8915 US Highway 175 W, Cuney, TX 75759

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© 2024 CoStar Group

Spec’s (Absolute Net Lease) | 8915 US Highway 175 W
(972) 755-5205 x

Spec’s (Absolute Net Lease) | 8915 US Highway 175 W

Vincent Knipp

(972) 755-5205

(972) 755-5205

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