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Auto Service - Gas-Conv

Reliable Automotive (New 15-Year Absolute Net Lease)

1201 N Texas Hwy 123, San Marcos, TX 78666

Listing Price: $1,537,000

Cap Rate
5.79%
Tenant Name
Reliable Automotive
Years Remaining On Lease
14.9
Gross SF
4,500
Guarantor
Corporate Guarantee
Rentable SF
4,500
Price/Gross SF
$341.56
Lease Type
Absolute Net
Rent Per Square Feet
$19.78

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease Reliable Automotive in San Marcos, Texas. The property consists of a 4,500-square-foot, freestanding building that sits on 0.43 acres of land. There are 15 years remaining on the current lease term, with 1% rental increases every year and 2% annually in Options.

Investment Highlights

  • New 15-Year Absolute Net Lease
  • Excellent Visibility on North State Highway 123 (18,933 VPD) with Access to Nearby South Interstate 35 (119,359 VPD)
  • Annual Rent Increases in the Primary Term and Option Periods
  • Corporate Guarantee by GB Auto Service, Inc (Sun Auto Tire & Service)
  • Two Miles to Texas State University, the Fifth-Largest University in Texas (38,873 Students Enrolled)
  • More than 75,677 Residents and 117,518 Employees Within a Five-Mile Radius
  • Located in the Continuously Expanding San Marcos Corridor Between Austin and San Antonio
  • Austin-San Antonio Metro Population Projected to Grow by More than 3 Million by 2050

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Reliable Automotive (New 15-Year Absolute Net Lease)

Listing Price: $1,537,000

Cap Rate
5.79%
Tenant Name
Reliable Automotive
Years Remaining On Lease
14.9
Gross SF
4,500
Guarantor
Corporate Guarantee
Rentable SF
4,500
Price/Gross SF
$341.56
Lease Type
Absolute Net
Rent Per Square Feet
$19.78

Investment Highlights

  • New 15-Year Absolute Net Lease
  • Excellent Visibility on North State Highway 123 (18,933 VPD) with Access to Nearby South Interstate 35 (119,359 VPD)
  • Annual Rent Increases in the Primary Term and Option Periods
  • Corporate Guarantee by GB Auto Service, Inc (Sun Auto Tire & Service)
  • Two Miles to Texas State University, the Fifth-Largest University in Texas (38,873 Students Enrolled)
  • More than 75,677 Residents and 117,518 Employees Within a Five-Mile Radius
  • Located in the Continuously Expanding San Marcos Corridor Between Austin and San Antonio
  • Austin-San Antonio Metro Population Projected to Grow by More than 3 Million by 2050

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease Reliable Automotive in San Marcos, Texas. The property consists of a 4,500-square-foot, freestanding building that sits on 0.43 acres of land. There are 15 years remaining on the current lease term, with 1% rental increases every year and 2% annually in Options.

Exclusively Listed By

Financing By

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