920 Court StSeguin, TX 78155

For Sale
$4,300,000

High-Yield NNN Investment, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional retail investment opportunity in Seguin, Texas, presents a 2,913 square foot, single-story, Class A building on a 0.389-acre lot. The property is 100% occupied by three tenants under a triple-net (NNN) lease structure, offering a hands-off investment experience. Built in 2023, the center features a convenient drive-thru and ample parking (14 spaces). The current leases, commencing December 31, 2023, and expiring December 30, 2040, have a remaining term of 16.1 years, with 3% annual rent bumps. The property boasts a strong net operating income (NOI) of $280,000, resulting in a 6.51% cap rate. The asking price is $4,300,000, translating to $1,476.14 per square foot. This fee-simple ownership opportunity provides a stable income stream with minimal landlord responsibilities, making it an attractive investment for discerning buyers. The tenant mix includes a synergistic blend of medical and quick-serve establishments, ensuring consistent occupancy and revenue generation. The property's prime location in Seguin, Guadalupe County, Texas, further enhances its investment appeal.

Highlights

  • $4,300,000 asking price for a 2,913 SF retail property in Seguin, TX.
  • Triple-net (NNN) leased, 100% occupied by three credit-rated tenants.
  • 16.1 years remaining lease term (commencing 12/31/2023, expiring 12/30/2040) with 3% annual rent bumps.
  • Brand new (2023) construction featuring a drive-thru, offering a 6.51% cap rate and $280,000 annual net operating income (NOI).

Property Details for 920 Court St

Property type
Other retail properties, Individual retail properties
Square Feet
2,913 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
16,945 SF
Units
3

Location Insight

City
Seguin
County
Guadalupe
State
Texas
Latitude
29.56937249
Longitude
-97.97886942
920 Court St, Seguin, Texas

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920 Court St
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