The Blue Ox Group is pleased to offer the opportunity to acquire the fee simple interest (land ownership) in an absolute NNN leased, Swig investment property located in San Marcos, TX. The Tenant, Swig, recently signed a brand new, long-term, 10 year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2.5% rental increases every year throughout the initial term as well as each option period. This attractive rent structure and steadily growing NOI hedges against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment for the passive investor.
GLA: 855 SF
Year Built: 2022
LL Responsibilities: NNN
Term: 10 Years with 2, 5-Year Options
Traffic Counts:
Interstate 35: 189,015 CPD ‘24
TX-123: 31,531 CPD ‘24