Brookshire Brothers - Net Lease Property for Sale
Corrigan, TX
Key Investment Metrics
Price
$1,561,030
Cap Rate
7.0%
Net Operating Income
$109,272
Building Size
24605 SF
Lot Size
24,605 SF
Land Area
1.53 Acres
Remaining Term
4.8 years
Lease Expiration
04/26/2031
Lease Term
32.3 years
Lease Commencement
01/15/1999
Lease Type
Absolute NNN
Year Built
1971
Tenancy
Single
Rent Increases
No
About This Brookshire Brothers Net Lease Property
This Brookshire Brothers NNN (triple net lease) property is located in Corrigan, TX and represents an excellent investment opportunity for commercial real estate investors. The property features 24605 square feet of building space and was built in 1971.
With a cap rate of 7.0%, this Brookshire Brothers net lease property offers stable income potential. The asking price is $1,561,030, making it an attractive option for 1031 exchange investors seeking quality Brookshire Brothers commercial properties.
Why Invest in Brookshire Brothers NNN Properties?
- Stable Income: Brookshire Brothers net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Brookshire Brothers is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Corrigan, TX Market Overview
Located in Corrigan, TX, this Brookshire Brothers property benefits from strong local demographics and market fundamentals. The Corrigan area offers excellent visibility and accessibility, making it an ideal location for Brookshire Brothers operations and a solid investment for net lease property buyers.