Cap Rate: 8.41%
Size: 8,200 SF
Lot Size: 2.00 Acres
Marcus & Millichap is pleased to offer Columbus Outfitters (“Property”) in Columbus, Texas for your consideration. Located 70 miles west of Houston in the county seat of Colorado County, the Property fronts on U.S. 90 which runs adjacent and parallel to high-traffic Interstate 10. As a result, the Property benefits from excellent Interstate 10 visibility which provides excellent tenant branding. This section of Interstate 10 is the primary corridor utilized by vehicles traveling to San Antonio, Austin, Houston, and points beyond and in-between.
Columbus Outfitters (“Tenant”) has a 5-year Absolute Net lease which provides for zero landlord responsibility. It occupies an approximately 8,200 square foot building on a large 2 acre rectangular parcel. The Tenant is in the midst of investing in a significant upgrade to the Property to accommodate an expanded product line, demonstrating its dedication to this location.
Offered for $1,099,000, the Property yields an attractive 8.41% current CAP rate and provides an investor the opportunity to get a market-leading return on a freeway property.
- Single Tenant Offering | Absolute Net Lease | No Landlord Responsibility
- Highway 90 Frontage with Interstate 10 Visibility in Columbus, Texas
- Approximately 8,200 SF Building
- Tenant Currently Investing in Building Improvements
- Large 2 Acre Parcel
- $1,099,000 | 8.41% CAP