Skip to Content

Sun Auto Service

San Marcos, Texas

Map View

Street View

Marcus & Millichap is pleased to present the exclusive listing for a Sun Auto located at 2409 Hunter Road, San Marcos, Texas. The property consists of 7,496 square feet of building space and is situated on roughly 1.26 acres of land. This Sun Auto Service is subject to a 20-year absolute triple-net (NNN) lease, which commenced September 27th, 2019. The annual rent is $111,002 and is scheduled to increase by 2.00% annually throughout the base term and in each of the 4, 5-year renewal options. The lease will carry a corporate guaranty from Sun Auto & Tire Services, Inc., a leading provider of automotive aftermarket repair service with approximately 350+ locations across the U.S.

About the Investment
✓ Long-Term 20-Year lease with More than 17 Years Remaining
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Attractive Rental Increases | 2.00% Annual Rental Increases
✓ Four (4) Tenant Renewal Periods of Five (5) Years Each

Key Details

Price:
$2,336,874
Cap Rate:
4.75%
Annual Rent:
$111,002
Address:
2409 Hunter Road, San Marcos, Texas 78666
Property Type:
Net-Leased Auto Service
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
9/27/2019
Lease Expiration:
9/30/2039
Lease Term Remaining:
17 Years
Rental Increases:
2.00% Annually
Lot Size:
1.26 Acres
Building Size:
7,496 SF
Year Built:
1996
Tenant:
Sun Auto Service

Talk to the pros

Glen Kunofsky

License: 49KU1129178

James Westerberg

License: 10401304686

Howard Curd

License: 10401339720

Broker of record

Tim Speck

License: 9002994


Similar Properties

available

Ojos Locos

9040 North Black Canyon Highway, San Marcos, Texas, 85051

available

Sonic

11960 Alabama Road, San Marcos, Texas, 30188

available

Taco John's

1730 28th Street SW, San Marcos, Texas, 49519

available

Friendly's

562 North Main Street, San Marcos, Texas, 01028