810 W Main St Fredericksburg, TX 78624

Property Details for 810 W Main St

Year built

1971

Lot size

0.69 lot acres

Property size

2,648 SF

Property type

Commercial real estate

APN

27452

APU

27452

Description

This exceptional investment opportunity presents a fee-simple ownership of a thriving convenience store and adjacent vacant lot in Fredericksburg, Texas. The 2,648 square-foot AJ's Liquor store operates under a Net Lease agreement with 2.2 years remaining on a 5-year term, commencing February 1, 2022, and expiring January 31, 2027. The lease includes one 5-year renewal option with an 8.33% rent increase every five years, providing a strong hedge against inflation. The property boasts a prime location on 810 W Main St (US-87), experiencing high daily traffic exceeding 13,000 vehicles. The 1.158-acre lot includes ample parking (30 spaces) and is currently undergoing the installation of six Tesla Level 2 chargers, further enhancing its income potential. The vacant lot presents additional sub-lease opportunities, with current interest from a catfish restaurant and a local plant nursery. The property is classified as Class C retail, with a single tenant and 100% occupancy. Built in 1971, the single-story building sits within a Commercial F-2 zoned area. Strong demographics, including over 16,000 people within a 5-mile radius and an average household income exceeding $126,000 within a 1-mile radius, further solidify this investment's appeal. The property's strategic location near major national retailers like HEB, Whataburger, Burger King, and Sonic, coupled with Texas's income-tax-free environment and robust economy, makes this a compelling 1031 exchange asset. The asking price is $1,800,000, resulting in a price per square foot of $679.76. The property's APN is S1320-0010-00300.