186 Fisher St, Matagorda, TX 77457
3,170 SF | Retail Building | Matagorda, TX 77457 | $2,250,000 ($710/SF) | 9.25% Cap Rate
For Sale
Active
Asking Price $2,250,000
- Property Type
-
Retail
- Square Feet
- 3,170 SF
- Price / Square Foot
- $710
Listing Contacts
Joshua Berger
Matt Kramer
Kyle Gulock
Scott Reid
Property Overview
The property features a 20-year absolute NNN lease with 10% rent increases every five years and four additional five-year options. Operated by Panthers Petroleum III, it is a strong performing location in terms of both inside sales and fuel. The unbranded status of the asset allows for higher fuel margins, enhancing profitability for the operator. Additionally, $250,000 to $300,000 from the sale proceeds are allocated for building improvements and upgrades.
Property Details
- Class
- B
- Year Built
- 1959
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 36,590 SF
Highlights
- 20-Year absolute NNN lease; includes 10% rent increases every 5 years with 4 – 5 Year options
- Strong performing location both inside sales and fuel; Unbranded asset allows for higher fuel margins
- $250,000 - $300,000 allocation from sale proceeds for building improvements and upgrades
- 10-min drive to Matagorda Beach; attracts 100,000+ visitors/year
- Prime stop-over location for tourists; several stays within a 1-mile radius
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