Chevron - Net Lease Property for Sale
Key Investment Metrics
Price
$6,204,880
Cap Rate
7.5%
Net Operating Income
$465,366
Building Size
3960 SF
Lot Size
3,960 SF
Land Area
0.62 Acres
Remaining Term
19.7 years
Lease Expiration
08/31/2045
Lease Term
20 years
Lease Commencement
09/01/2025
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2000
Occupancy
100%
Tenancy
Single
Rent Increases
12.5% Every 5 Years
About This Chevron Net Lease Property
This Chevron NNN (triple net lease) property is located in , TX and represents an excellent investment opportunity for commercial real estate investors. The property features 3960 square feet of building space and was built in 2000.
With a cap rate of 7.5%, this Chevron net lease property offers stable income potential. The asking price is $6,204,880, making it an attractive option for 1031 exchange investors seeking quality Chevron commercial properties.
Why Invest in Chevron NNN Properties?
- Stable Income: Chevron net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Chevron 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.
, TX Market Overview
Located in , TX, this Chevron property benefits from strong local demographics and market fundamentals. The area offers excellent visibility and accessibility, making it an ideal location for Chevron operations and a solid investment for net lease property buyers.