516 I-10Seguin, TX 78155

For Sale
$4,400,000

High-Yield Texas Retail Center

Overview

Added:
Dec 11, 2024
Days on market:
93
Exceptional investment opportunity in Seguin, Texas, featuring a 53,704 square foot, 100% occupied Murdoch's Ranch & Home Supply storefront. This fee-simple property boasts a strong 6.85% cap rate and a substantial net operating income (NOI) of $301,199. The property sits on a 7.91-acre lot with ample parking (683 spaces) and benefits from a newly signed 10-year lease with three 5-year renewal options, including 2% annual rent bumps. Located on I-10 frontage road, this high-visibility location enjoys daily traffic exceeding 51,200 vehicles and is surrounded by other major retailers, including Home Depot, Walmart, and H-E-B. The property's prime location within Seguin's industrial corridor, coupled with the strong demographics of the area (average household income of $91,527 within a 5-mile radius), ensures a stable and growing income stream. The tenant is undertaking a significant interior remodel in 2025 at their expense. Recent parking lot improvements were completed in October 2024. The property's zoning is commercial, and the APN is 2G-0006-0000-06800-000. This is a low-management, passive investment opportunity with significant upside potential. The asking price is $4,400,000, representing a price per square foot of $81.93. The lease is a triple net (NN) lease with limited landlord responsibilities.

Highlights

  • Brand new 10-year lease with extension options and annual rent increases.
  • Triple-net (NNN) lease with fee simple ownership and minimal landlord responsibilities.
  • High-traffic location on I-10 (51,200 vehicles per day) within a thriving industrial corridor offering excellent visibility.
  • Strong demographics within a 5-mile radius.

Property Details for 516 I-10

Property type
Other retail properties, Individual retail properties
Square Feet
53,704 SF
Year Built
2000
Lot Size (sq. ft)
344,560 SF

Location Insight

City
Seguin
County
Guadalupe
State
Texas
Latitude
29.6148511
Longitude
-97.799582
516 I-10, Seguin, Texas

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516 I-10
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