2423 Main St Eagle Pass, TX 78852
- Specialty properties
- 1,418 SF
- 0.64 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 2423 Main St
- Year built
- 2024
- Lot size
- 0.64 lot acres
- Property size
- 1,418 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a brand-new, fee-simple Take 5 Oil Change in Eagle Pass, Texas. The 1,418-square-foot auto shop sits on a 0.64-acre lot at 2423 E Main St, 78852. Built in 2024, it boasts a 20-year triple-net (NNN) lease with a corporate guarantee from Drive Funding Holdco, LLC, eliminating landlord responsibilities. The annual net operating income (NOI) is $105,000, yielding a 6.00% cap rate. The lease features annual rent increases of 1.50%, ensuring consistent income growth. This is a secure, long-term investment with minimal management requirements and significant upside potential. The property is offered at $1,750,000. This sale-leaseback structure provides immediate cash flow and a passive income stream. The strong corporate guarantee minimizes risk, making this an attractive opportunity for investors seeking stable returns in the Texas market. The property's prime location and the established Take 5 Oil Change brand contribute to its high value and potential for appreciation.
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
- Eagle Pass
- County
- Maverick
- State
- Texas
- Longitude
- -100.479
- Latitude
- 28.7095
