3509 4Th St Taylor, TX 76574
- Retail properties
- 13,151 SF
- 3.98 lot acres
Current Use by Public Records
- City Auto Service / Auto Repair Shop
Property Details for 3509 4Th St
- Year built
- 1997
- Lot size
- 3.98 lot acres
- Property size
- 13,151 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a fee-simple ownership of a 13,151 square-foot auto shop in Taylor, Texas. The property, situated on a 3.98-acre lot at 3509 E 4th St, boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $271,604. The property is currently under a 20-year triple-net (NNN) lease with Main Street Auto, a rapidly expanding automotive repair chain with approximately 70 locations and plans for significant future growth. The lease, commencing upon closing, includes a corporate guarantee and features annual rent increases of 2.00%, ensuring consistent income growth. Built in 1997 and renovated in 2001, the building offers a well-maintained space for the tenant's operations. The $3,880,050 asking price translates to a price per square foot of $295.04, reflecting the property's strong tenant, long-term lease, and attractive financial performance. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term growth potential in a thriving market. The property's location in Williamson County, Texas, offers excellent access to major transportation routes and a growing customer base. This NNN lease structure minimizes landlord responsibilities, making it an ideal investment for passive income seekers. The combination of a strong tenant, long-term lease, and built-in rent increases makes this a compelling investment opportunity with significant upside potential.
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
- Taylor
- County
- Williamson
- State
- Texas
- Longitude
- -97.3664
- Latitude
- 30.5788
