Take 5 Oil Change NNN Ground Lease, 1565 11th Street, Huntsville, Texas
Listing was updated at: 04/17/2019
Property Overview
Price/Rent PSF $ 929,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 2,213
Date Available 04/17/2019
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Parking 10
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Description

Location
Located adjacent to the intersection of Hwy 75 and 11th street (Hwy 190), the major east/west thoroughfare through the city of Huntsville. With a traffic count of more than 22,000 per day, it is nestled next to CVS Pharmacy, and across the street from Walgreen's, HEB Grocery, O'Reilly's Auto Parts, Enterprise Rent-A-Car, Family Dollar, and McKenzie's Barbecue.

Sale
10 year corporate ground lease - commenced August 11, 2016. Remaining term is 7 years, 7 months as of January 11, 2019. Lease has four (4) option periods of five (5) years each. Lease rate is fixed for first 10 year term, then increases 10% each 5 year renewal period.
Located near to the intersection of Hwy 75 and 11th street (Hwy 190), the major east/west thoroughfare through the city of Huntsville. A traffic count of more than 22,000 per day, it is nestled next to CVS Pharmacy, and across the street from Walgreen's, HEB Grocery, O'Reilly's Auto Parts, Enterprise Rent-A-Car, Family Dollar, and McKenzie's Barbecue.

Location