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1204 Federal Rd
Houston, TX 77015 Northshore

$2,667,000 USD

Auto Repair For Sale  •  8,256 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 8,256 SF
  • Lot Size 0.86 AC
  • Building Class C
  • Year Built 1988
  • Cap Rate 5.25 %
  • Tenancy Single
34 Transit Score
78 Walk Score

Highlights

Brand-new 1 5-year absolute net lease extension in tax-free state
9% rental increases every 5 years providing a hedge against inflation
Corporate lease backed by investment grade tenant
Replaceable rent – $16/SF
Longstanding operating history – 36 years at this location
Top 15% O’Reilly location nationwide in terms of annual visits (per Placer.ai)

Property Flyers

Cap Rate: 5.25 %

Public Transportation

AirportDriveWalkDistance
William P Hobby 27 min - 12.9 mi
George Bush Intcntl/Houston 32 min - 23.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
John Andreini 650-678-7200 CP Partners CRE
John Andreini 650-678-7200 CP Partners CRE