614 May St, Madisonville, TX 77864-2562
- Commercial real estate
- 800 SF
- 1.36 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 614 May St
- Year built
- 2023
- Lot size
- 1.36 lot acres
- Property type
- Commercial real estate
- APN
- R-0010-000-0070-901
- APU
- R00100000070901
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 3, 2025 | — | Mmurphy LLC | Mccaskill Holdings LLC | Special Warranty Deed | — |
| Dec 30, 2022 | — | Mccaskill Holdings LLC | — | Deed · related | $1.2M · Luminate Bank |
| Oct 28, 2022 | — | Mccaskill Holdings LLC | Cuong Manh Le | Venders Lien | $133k · Luminate Bank |
| Oct 28, 2015 | — | Tuoi Thi Vu | Courtney Johnson | Venders Lien | $25k · Prosperity Bank |
Description
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 664-square-foot Scooter's Coffee drive-thru in Madisonville, Texas. Built in 2023, this property boasts a 15-year absolute NNN lease with a 10% rent increase every five years, ensuring strong, predictable returns. The 0.78-acre lot provides ample parking (15 spaces per 1,000 sq ft) and is strategically located on May Street, adjacent to Madisonville High School, Madisonville Jr. High, Madisonville Elementary School, and St. Joseph Health Hospital, guaranteeing high traffic volume. The property benefits from its position on a major thoroughfare between Houston and Dallas, and as the only national coffee QSR in Madisonville, enjoys a significant competitive advantage. The current NOI is $90,000, representing a 7.00% cap rate on the $1,285,700 asking price. The lease includes three 5-year renewal options, further securing long-term investment value. This is a turnkey investment ideal for passive investors seeking a low-maintenance, high-return property in a growing Texas market. The property's APN is R-0010-000-0070-901 and is zoned for commercial use. This is a rare opportunity to acquire a prime, fee-simple, net-leased property with a strong brand and exceptional location.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Madisonville
- County
- Madison
- State
- Texas
- Longitude
- -95.9102
- Latitude
- 30.9461
