700 S Cherry Ln, White Settlement, TX 76108

Investment Overview

• PROPERTY TYPE: Retail
• PROPERTY SUBTYPE: Auto Repair
• BLDG. SIZE: 4,455 SF
• BLDG. CLASS: B
• YEAR BUILT: 1982
• YEAR RENOVATED: 2017

• PRICE: $ 1,100,000
• PRICE PER SF: $248
• CAP RATE: 5.89%
• NOI: $ 64,800

• PERCENT LEASED: 100%
• TENANCY: Multiple
• ZONING: Light Industrial
• PARKING: 16 Spaces (3.59 Spaces per 1,000 SF Leased)
• FRONTAGE: 130 FT on S Cherry Lane

Area Overview

• PROPERTY TYPE: Retail
• PROPERTY SUBTYPE: Auto Repair
• BLDG. SIZE: 4,455 SF
• BLDG. CLASS: B
• YEAR BUILT: 1982
• YEAR RENOVATED: 2017

• PRICE: $ 1,100,000
• PRICE PER SF: $248
• CAP RATE: 5.89%
• NOI: $ 64,800

• PERCENT LEASED: 100%
• TENANCY: Multiple
• ZONING: Light Industrial
• PARKING: 16 Spaces (3.59 Spaces per 1,000 SF Leased)
• FRONTAGE: 130 FT on S Cherry Lane

Highlights

• 100% Occupied Investment Opportunity
• 6 Bay Automotive Center
• 3 Units Include: Tire Repair Shop, Auto Detail, and Rim Shop
• Well Established Tenant’s with Occupancy Ranging from 8 to 15 Years
• Additional Individual Rear Space for Expansion, Storage or Rear Parking
• Renovations Completed in 2017