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. Situated on a 3.28-acre lot, this property benefits from a highly favorable location in Cherokee County, offering liquor sales permitted in a largely "dry" region, providing a significant competitive advantage and drawing customers from nearby Smith County. The absolute net lease features a corporate guarantee from Spec's, Texas' largest liquor store chain, ensuring consistent income. The lease, originally commencing September 22, 2008, has a remaining term of approximately 3.8 years, with four, five-year lease options, each including a 10% rent increase. The current annual net operating income (NOI) is $107,000, representing an 8.00% cap rate on the asking price of $1,338,000 ($169.90 per square foot). Built in 2007, this single-tenant property boasts 100% occupancy and presents a secure, high-yield investment with significant long-term potential. The property's strategic location within the Tyler-Jacksonville, TX Combined Statistical Area (CSA), with a population of 297,426, further enhances its appeal and ensures a robust customer base. This is a rare opportunity to acquire a well-established, high-performing retail asset with a strong tenant and a compelling investment profile.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Cuney
- County
- Cherokee
- State
- Texas
- Longitude
- -95.4176
- Latitude
- 32.0317
