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    2335 Boonville Rd Bryan, TX 77808

    For Sale
    $2,546,000

    High-yield retail property, strong tenant.

    Property size:
    42,297 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a 42,297 square foot retail property located at 2335 Boonville Rd, Bryan, Texas, 77808. The property boasts a 20-year net lease with JPMorgan Chase Bank, National Association, commencing May 15, 2009, and expiring May 31, 2029. The lease includes four five-year renewal options, each with a 10% rental increase. The current annual net operating income (NOI) is $146,410, resulting in a compelling 5.75% capitalization rate. The asking price is $2,546,000. The property sits on a 0.971-acre lot (42,297 square feet) and is zoned C2 Commercial. Built in 2009, the property features 32 parking spaces. The tenant-owned bank building comprises approximately 3,896 square feet, supplemented by an 880 square foot canopy covering four drive-thru lanes, including one with an ATM. This is an absolute net lease, meaning the landlord has no operational responsibilities. The ground lease is in place and expires May 30, 2029. This property offers a secure, long-term investment with significant upside potential. Don't miss this chance to acquire a high-performing retail asset in a thriving Texas market.

    Property Features for 2335 Boonville Rd

    General Information

    Property type
    Retail properties
    Square Feet
    42,297 SF
    Lot Size
    42,297 SF

    Building Details

    Year Built
    2009

    HighLights

    • JPMorgan Chase Bank, N.A. is the tenant.
    • 20‑year lease, commencing May 15, 2009, expiring May 31, 2029.
    • Absolute triple‑net lease.
    • Four, five‑year renewal options with 10% rent increases each.
    • Current annual rent: $146,410 ($12,201 monthly).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chase Bank Bank Chase ATM Atm Chase Mortgage Mortgage Lender

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Bryan
    County
    Brazos
    State
    Texas
    Longitude
    -96.3350743
    Latitude
    30.672647

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    FAQs

    What type of property is this?
    Retail property - High-yield retail property, strong tenant.
    Where is this retail property located?
    The property is located at 2335 Boonville Rd Bryan, TX.
    What is the asking price?
    The asking price for this property is $2,546,000.
    What are key features of this property?
    This property features: JPMorgan Chase Bank, N.A. is the tenant.; 20-year lease, commencing May 15, 2009, expiring May 31, 2029.; Absolute triple-net lease.
    (214) 720-3656
    Request Owner's contact information
    2335 Boonville Rd Bryan, TX 77808
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2335 Boonville Rd Bryan, TX 77808
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