301 Main St Hereford, TX 79045-5347

Property Details for 301 Main St

Construction

TYPE NOT SPECIFIED

Lot size

0.16 lot acres

Property size

6,972 SF

Property type

Commercial real estate

APN

4442

APU

4442

Description

This exceptional investment opportunity presents a 6,972 square foot retail storefront located at 301 N Main Street, Hereford, Texas, 79045. The property is currently leased to Anytime Fitness, a globally recognized and rapidly expanding franchise, under a triple-net (NNN) lease with 14 years remaining on the primary term, expiring February 28, 2039. The lease commenced December 1, 2023, and features attractive rental escalations, including a significant 15% increase every five years. The asking price is $1,240,000, representing a compelling 7.50% capitalization rate based on a net operating income (NOI) of $92,700. The property sits on a 0.16-acre lot and was renovated in 1975. As a NNN lease, the tenant is responsible for all property taxes, insurance, common area maintenance (CAM), and building maintenance, minimizing landlord responsibilities. This presents a low-maintenance, high-return investment with significant long-term growth potential, secured by a strong national tenant. The property's location in Hereford, Texas offers excellent visibility and accessibility. This is a rare opportunity to acquire a stable, high-performing retail investment with a long-term lease and substantial upside potential.