AJ’s Liquor + Vacant Lot, Fredericksburg, Texas

810 W. Main Street no-imageVIEW MAP

Property Information

Price: $1,800,000

Lease Term: 5 Years
Lease Type: NN
Building Size: Approximately 2,648 Square Feet
Year Built: 1971
Status: Available
Lead Broker Information:

Dylan O’Hara



Property Description

Investment Highlights

  • New 5 Year NN Lease with 3 Years Remaining – Stable Cash Flow Asset – Minimal Landlord Responsibilities – One (5-Year) Option to Renew
  • Rental Increases Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Large Format Store at 2,648 Square Feet on a 0.694 Acre Parcel with More Than 30 Parking Spaces, Providing AJ’s with the Ability to Effectively Handle High Customer Volume
  • Installation Currently Underway on Six Tesla Level 2 Chargers on the East Boundary of the AJ’s Liquor Parking Lot, Which Will Increase the NOI at Completion
  • Ownership Currently Looking at Sub-Lease Opportunities for the Vacant Land Lot, Including Catfish Haven & a Local Plant Nursery
  • High Traffic Location – More Than 13,000 Vehicles Per Day on W. Main Street (US-87) & Over 5,500 Vehicles Per Day on Nearby US-290
  • Strong Demographics – Over 16,000 People within a 5-Mile Radius with Average Household Income Exceeding $126,000 in a 1-Mile Radius of the Property
  • High Daytime Population of More Than 1,400 Businesses & 8,500 Employees
  • Strategically Positioned in the Main Trade Area of Fredericksburg – Surrounded by Major National Retailers Including HEB, Whataburger, Burger King, & Sonic
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset