Current Use by Public Records
- Retail properties & Spaces
Property Details for 8915 Us-175
- Year built
- 2007
- Lot size
- 3.28 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 7,875-square-foot freestanding Spec's liquor store in Cuney, Texas. Located on a 3.28-acre lot, this property benefits from an absolute NNN lease with a corporate guarantee from Spec's, Texas' largest liquor retailer, boasting over 200 locations. The lease, commencing September 22, 2008, and expiring September 21, 2028, has approximately 4.3 years remaining. The current asking price is $1,189,000, representing a compelling $150.98 per square foot and a 9.00% cap rate, with a current NOI of $107,000. The lease includes four, five-year options with 10% rent increases. This strategically positioned store thrives in a mostly dry county, minimizing competition and maximizing its appeal as a destination retailer for beer, wine, and liquor sales, including delivery to nearby dry areas. The property is situated within the Tyler-Jacksonville, TX Combined Statistical Area, serving a population of 297,426. Built in 2007, this single-unit property offers a secure, high-return investment with significant long-term potential. The property's location in Cherokee County, adjacent to Smith County (where liquor sales are prohibited), provides a unique competitive advantage.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cuney
- County
- Cherokee
- State
- Texas
- Longitude
- -95.4086
- Latitude
- 32.0276
