4301 AvenueGalveston, TX 77550

This exceptional investment opportunity presents a fee-simple, 2,100 square foot bar located at 4301 Ave S, Galveston, TX 77550. The property boasts a prime hard corner location and is currently 100% occupied under a Net Lease (NNN) agreement with a single tenant. The lease commenced December 6, 2021, and expires February 28, 2027, leaving approximately 2.3 years remaining. The tenant, a bar operator, consistently pays rent, generating an annual net operating income (NOI) exceeding $20,051. The asking price is $450,000, representing a compelling cap rate of 4.46% and a price per square foot of $214.29. Significant renovations were completed between 2019 and 2023, including exterior siding, a new hurricane-rated roof (2019), completely remodeled bathrooms and main area, and a new AC unit. The landlord's responsibilities are limited to roof and structure maintenance. The property features a 2,175 square foot lot, is zoned C, and was built in 1961. The lease includes annual rent bumps of 3%. This is a strong NNN investment with a reliable tenant and a solid remaining lease term. The property is offered as a 1031 exchange opportunity. APN: 3510-0157-1007-001.