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7727 W Grand Pkwy S Richmond, TX 77407

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For Sale
$5,096,000

New auto shop with a 20-year absolute NNN lease.

Property size:
7,581 SF

Property Features for 7727 W Grand Pkwy S

General Information

Size
7,581 SF

Source: Andrew Lundahl Agent Andrew Lundahl

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

New Auto Shop NNN Lease

This property features a brand new auto shop constructed in 2023. It is located in Richmond, Texas, part of the Houston-The Woodlands-Sugar Land metropolitan area, approximately 25 miles southwest of downtown Houston. The property is subject to an absolute NNN lease, offering a management-free investment opportunity. The corporate lease is with GB Auto Service, Inc., which has over 360 locations nationwide. The initial lease term is 20 years, with attractive 1.5% rental increases annually. The property is located in Texas, which has no state income tax, and within the Houston MSA, the second largest MSA in Texas and the fifth largest in the United States. The property size is 7581 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Sun Auto & Tire ... Auto Repair Shop Toasted Yolk Cafe Breakfast Restaurant

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Firestone Complete Auto Care, Pennzoil, Christian Brothers Automotive Waterside, American Windshield Replacement & Auto Glass, Harris Dent & Detail

Location Insight

  • Map
  • Local Demand
City
Richmond
County
Fort Bend
State
Texas
Longitude
-95.738441
Latitude
29.662203

FAQs

What type of property is this?
Auto shop - New auto shop with a 20-year absolute NNN lease.
Where is this auto shop located?
The property is located at 7727 W Grand Pkwy S Richmond, TX.
What is the asking price?
The asking price for this property is $5,096,000.
What are key features of this property?
This property features: - Absolute NNN lease offers zero landlord responsibilities.; - Corporate lease with GB Auto Service, Inc., a company with over 360 locations nationwide.; - Long term lease – a 20 year initial term.
More about this property
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