3101 Navarro St Victoria, TX 77901-3923

Property Details for 3101 Navarro St

Year built

1979

Construction

FRAME

Lot size

0.52 lot acres

Property size

2,057 SF

Property type

Office buildings

APN

44100-002-00100

APU

4410000200100

Description

This exceptional investment opportunity presents a 2,057 square foot storefront located at 3101 N Navarro St, Victoria, TX 77901. The property, built in 1979 and situated on a 0.52-acre lot, is currently 100% occupied by TitleMax, Inc., a privately owned title lending business with over 1,100 locations across 16 states. The current lease, a Net Lease (NN) agreement with a corporate guarantee, commenced March 1, 2014, and extends to March 31, 2029, offering a remaining lease term of approximately 4.4 years. The asking price is $887,360, representing a price per square foot of $431.39 and a 7.50% cap rate based on a Net Operating Income (NOI) of $66,552. The lease includes built-in rent bumps: a 3.48% increase in April 2026 and a further 12% increase in the tenant's sole remaining option. This location benefits from its proximity to the University of Houston-Victoria and major employers like Formosa Plastics, Inteplast Group, Dow, Invista, Caterpillar, and Alcoa. The property's strong tenant, resilient business model, and favorable lease terms make it an attractive investment prospect.