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Property profile

614 May St Madisonville, TX 77864

OFF-MARKET
Commercial real estate
Property ID
US83-0190846
800 SF 1.36 ac lot Built 2023
Entity Owned 1-yr Hold
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple interest in a brand-new, 664-square-foot Scooter's Coffee drive-thru in Madisonville, Texas. Built in 2023, this property boasts a 15-year absolute NNN lease with a 10% rent increase every five years, ensuring strong, predictable returns. The 0.78-acre lot provides ample parking (15 spaces per 1,000 sq ft) and is strategically located on May Street, adjacent to Madisonville High School, Madisonville Jr. High, Madisonville Elementary School, and St. Joseph Health Hospital, guaranteeing high traffic volume. The property benefits from its position on a major thoroughfare between Houston and Dallas, and as the only national coffee QSR in Madisonville, enjoys a significant competitive advantage. The current NOI is $90,000, representing a 7.00% cap rate on the $1,285,700 asking price. The lease includes three 5-year renewal options, further securing long-term investment value. This is a turnkey investment ideal for passive investors seeking a low-maintenance, high-return property in a growing Texas market. The property's APN is R-0010-000-0070-901 and is zoned for commercial use. This is a rare opportunity to acquire a prime, fee-simple, net-leased property with a strong brand and exceptional location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2023
Total area 800 SF
Lot 1.36 ac (59,198 SF)
APN R-0010-000-0070-901
UPID US83-0190846

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

614 May St Madisonville, TX 77864-2562
Madisonville metro Census 400
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
$290k

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2022
Price N/A
2022
Price N/A
2015
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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