3101 Navarro StVictoria, TX 77901

For Sale
$887,360

Corporate-backed, net-lease storefront.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 2,057 square foot storefront located at 3101 N Navarro St, Victoria, TX 77901. The property, built in 1979 and situated on a 0.52-acre lot, is currently 100% occupied by TitleMax, Inc., a privately owned title lending business with over 1,100 locations across 16 states. The current lease, a Net Lease (NN) agreement with a corporate guarantee, commenced March 1, 2014, and extends to March 31, 2029, offering a remaining lease term of approximately 4.4 years. The asking price is $887,360, representing a price per square foot of $431.39 and a 7.50% cap rate based on a Net Operating Income (NOI) of $66,552. The lease includes built-in rent bumps: a 3.48% increase in April 2026 and a further 12% increase in the tenant's sole remaining option. This location benefits from its proximity to the University of Houston-Victoria and major employers like Formosa Plastics, Inteplast Group, Dow, Invista, Caterpillar, and Alcoa. The property's strong tenant, resilient business model, and favorable lease terms make it an attractive investment prospect.

Highlights

  • Corporate-backed lease with TitleMax, Inc., a national title lender with over 1,100 locations.
  • Lease extension through April 2029 demonstrates tenant commitment.
  • Rent increases of 3.48% in April 2026 and an additional 12% in the final option period.
  • Recession-resistant tenant in a proven, stable industry.
  • Five-minute proximity to the University of Houston-Victoria.
  • Strong regional employment base including Formosa Plastics, Inteplast Group, Dow, Invista, Caterpillar, and Alcoa.

Property Details for 3101 Navarro St

Property type
Other retail properties, Individual retail properties
Square Feet
2,057 SF
Year Built
1979
Lot Size (sq. ft)
22,651 SF

Location Insight

City
Victoria
County
Victoria
State
Texas
Latitude
28.823415498064
Longitude
-97.001134151434
3101 Navarro St, Victoria, Texas

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3101 Navarro St
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