Miscellaneous

Louetta Automotive

5105 S Mason Rd, Katy, TX 77450

Listing Price: $1,773,913

Cap Rate
5.75%

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Louetta Automotive located at 5105 South Mason Road, Katy, Texas 77450. The property consists of 5,905 square feet of building space and is situated on roughly 1.13 acres of land. The property is subject to a recently-extended triple net (NNN) lease, which expires on July 31, 2035. The lease will call for 1.50% annual rental increases that will continue through the base term and into the two, five-year tenant renewal options. The Tenant, GB Auto Service, Inc., is a leading provider of automotive aftermarket repair service with approximately 170+ locations across the U.S.

Investment Highlights

  • Attractive Rental Increases | 1.50% Annual Rental Increases
  • There are Two Tenant Renewal Periods of Five Years Each
  • Recently Extended Lease with 15 Years of Additional Term
  • Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Below Market Rent | Provides Significant Downside Protection

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

Miscellaneous

Louetta Automotive

Listing Price: $1,773,913

Cap Rate
5.75%

Investment Highlights

  • Attractive Rental Increases | 1.50% Annual Rental Increases
  • There are Two Tenant Renewal Periods of Five Years Each
  • Recently Extended Lease with 15 Years of Additional Term
  • Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Below Market Rent | Provides Significant Downside Protection

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Louetta Automotive located at 5105 South Mason Road, Katy, Texas 77450. The property consists of 5,905 square feet of building space and is situated on roughly 1.13 acres of land. The property is subject to a recently-extended triple net (NNN) lease, which expires on July 31, 2035. The lease will call for 1.50% annual rental increases that will continue through the base term and into the two, five-year tenant renewal options. The Tenant, GB Auto Service, Inc., is a leading provider of automotive aftermarket repair service with approximately 170+ locations across the U.S.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

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