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Auto Parts

Owner/User Opportunity - Lockhart, TX

119 Bufkin Ln, Lockhart, TX 78644

Listing Price: Request For Offer

Tenant Name
N/A
Years Remaining On Lease
8.7
Gross SF
2,119
Guarantor
No Guarantee
Rentable SF
2,100
Lease Type
Triple Net (NNN)

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Owner/User Automotive Repair Opportunity located at 119 Bufkin Ln, Lockhart TX, 78644. This 2,100 SF property was built in 2012 and is situated on 0.57 AC of land. Presently, the property is known as Straight Automotive & Tire, which has 4.9 stars on Google. The site would be delivered vacant to a new owner, and the fixtures would convey at an additional cost the buyer's request. The site currently has 3 automotive bays with an office space. The site has also been a NAPA Auto Care Center since 2016 (invitation only), which the Seller believes could be transferable to a new buyer (buyer to confirm). The asset benefits from city water, sewer, 3-phase power and is located within a qualified opportunity zone (QOZ).

The asset is located on Bufkin Ln directly next to the Lockhart Police Department and Lockhart CAD and is proximate to Highway 183, offering 22,385 VPD. The retailer corridor within 1.5 miles covers the entirety of the city and are inclusive of credit retailers such as Walmart, H-E-B, Walgreens, Dollar Tree, McDonald's, Fresenius, DaVita, and many more. The surrounding area has an average household income of $67,334 within 3 miles of the site.

This would be an excellent opportunity for a new business to purchase the property. CHB Zoning allows for many uses such as fitness centers, cabinent/upholestry shops, welding/fabrication, commercial printing, telecom facilities, art/dance studios, and more. There is an potential to develop additional buildings and parking in the rear of the property, creating a value-add opportunity for a new owner as well.

Investment Highlights

  • Owner/User Asset - Great Opportunity for a New Business to Set Up Shop in Lockhart, TX
  • Located Across the Street from a Brand New McCoy's, Presently Being Built
  • QOZ, All Utilities on Site - Property is Situated in a Qualified Opportunity Zone
  • Value Add Component - There is a Potential to Develop Additional Buildings and Parking in the Rear of the Property
  • Strong Retail Corridor & Growth - Credit retailers nearby include Walmart, H-E-B, Walgreens, Dollar Tree, McDonald's, Fresenius, DaVita, etc.
  • CHB Zoning Allows for Many Uses - Fitness Center, Art/Dance Studio, Telecom Facilities, Furniture/Appliance Sales, Commercial Printing, Vet Clinics, Cabinent/Upholestry Shops, Automotive Repair/Sales, and many more

Exclusively Listed By

Auto Parts

Owner/User Opportunity - Lockhart, TX

Listing Price: Request For Offer

Tenant Name
N/A
Years Remaining On Lease
8.7
Gross SF
2,119
Guarantor
No Guarantee
Rentable SF
2,100
Lease Type
Triple Net (NNN)

Investment Highlights

  • Owner/User Asset - Great Opportunity for a New Business to Set Up Shop in Lockhart, TX
  • Located Across the Street from a Brand New McCoy's, Presently Being Built
  • QOZ, All Utilities on Site - Property is Situated in a Qualified Opportunity Zone
  • Value Add Component - There is a Potential to Develop Additional Buildings and Parking in the Rear of the Property
  • Strong Retail Corridor & Growth - Credit retailers nearby include Walmart, H-E-B, Walgreens, Dollar Tree, McDonald's, Fresenius, DaVita, etc.
  • CHB Zoning Allows for Many Uses - Fitness Center, Art/Dance Studio, Telecom Facilities, Furniture/Appliance Sales, Commercial Printing, Vet Clinics, Cabinent/Upholestry Shops, Automotive Repair/Sales, and many more

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Owner/User Automotive Repair Opportunity located at 119 Bufkin Ln, Lockhart TX, 78644. This 2,100 SF property was built in 2012 and is situated on 0.57 AC of land. Presently, the property is known as Straight Automotive & Tire, which has 4.9 stars on Google. The site would be delivered vacant to a new owner, and the fixtures would convey at an additional cost the buyer's request. The site currently has 3 automotive bays with an office space. The site has also been a NAPA Auto Care Center since 2016 (invitation only), which the Seller believes could be transferable to a new buyer (buyer to confirm). The asset benefits from city water, sewer, 3-phase power and is located within a qualified opportunity zone (QOZ). The asset is located on Bufkin Ln directly next to the Lockhart Police Department and Lockhart CAD and is proximate to Highway 183, offering 22,385 VPD. The retailer corridor within 1.5 miles covers the entirety of the city and are inclusive of credit retailers such as Walmart, H-E-B, Walgreens, Dollar Tree, McDonald's, Fresenius, DaVita, and many more. The surrounding area has an average household income of $67,334 within 3 miles of the site. This would be an excellent opportunity for a new business to purchase the property. CHB Zoning allows for many uses such as fitness centers, cabinent/upholestry shops, welding/fabrication, commercial printing, telecom facilities, art/dance studios, and more. There is an potential to develop additional buildings and parking in the rear of the property, creating a value-add opportunity for a new owner as well.

Exclusively Listed By

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