2057 Fm 2657 Copperas Cove, TX 76522
- Retail properties
- 15,500 SF
- 2.50 lot acres
Current Use by Public Records
- Texas Discount Automotive / Auto Repair Shop / Auto Air Conditioning Service
Property Details for 2057 Fm 2657
- Lot size
- 2.50 lot acres
- Property size
- 15,500 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 15,500-square-foot auto shop in Copperas Cove, Texas, situated on a 2.5-acre lot at 2057 FM 2657, zip code 76522. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $265,000 annually. A brand new 20-year absolute triple-net (NNN) lease is in place upon closing, ensuring minimal landlord responsibilities. The lease includes attractive 2.00% annual rental increases and four, 5-year renewal options, extending the potential lease term to 40 years. The tenant, Main Street Auto, a rapidly expanding automotive repair chain with approximately 70 existing locations and plans for 100 by the end of 2024, provides a strong corporate guarantee. The asking price is $3,785,714, translating to a price per square foot of $244.24. The property is currently operating at 100% occupancy, offering immediate and substantial returns. This is a rare opportunity to acquire a high-performing, long-term net lease investment with significant upside potential in a growing market. The property's location in Lampasas County provides excellent access and visibility. This is a turnkey investment ideal for passive income seekers.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Copperas Cove
- County
- Lampasas
- State
- Texas
- Longitude
- -97.9248
- Latitude
- 31.0948
