Service Street Tire & Auto Repair — Sale in Richmond, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Richmond, TX 77407

Photos

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Service Street Tire & Auto Repair — Sale in Richmond, TX, photo 3 of 3

Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Absolute NNN Lease with 17+ Years of Primary Term Remaining The subject property is a freestanding single tenant auto service investment 100% leased to Service Street Tire & Auto Repair, which is part of the Sun Auto Network family of brands The lease is absolute NNN with no landlord management or maintenance obligations Corporate Lease | Service Street Tire & Auto Repair is Part of the Sun Network Network The Service Street Auto & Tire Service brand was acquired by Sun Auto Network in 2026 as part of Sun Auto Network’s acquisition of Drive Automotive Services The Sun Auto Network family of brands consists of 50+ auto servicers with a network of over 600 locations spanning 26 states Sun Auto Network was ranked #5 by Modern Tire Dealer’s Top 100 brands in 2025 Exceptional Retail Hub Location | Across from the Grand at Aliana with Over 2M SF of Retail The subject property is situated across from a premier multi-phase development, The Grand at Aliana, consisting of over 2 Million square-feet of nationally-tenanted retail Nationally-recognized tenants in the immediate trade area include Costco, Target, Dick’s Sporting Goods, H-E-B Grocery, Hobby Lobby, Starbucks, Marshall’s, Old Navy, Barnes & Noble, Burlington, Ross Dress for Less, At Home, LA Fitness, PetSmart, Petco, Chili’s, Shake Shack, Sprouts Farmers Market, CAVA, Bojangles, Raising Cane’s, Portillo’s, and many more Annual Rent Growth of 1.5% During the Primary Term The lease offers annual rent increases of 1.5% during the primary term Average CAP rate over the remaining term of the lease is 6.69% at the asking price Annual rent increases offers a new investors compounding rent growth as a hedge against inflation Strong Demographics | Rapidly Expanding Houston Suburb | $154,000 Avg. HHI (1-Mile) Richmond, Texas is an affluent submarket of Houston with excellent demographics having average household incomes of $154,771 within a 1-Mile radius of the subject property Richmond, TX has seen exceptional population grow

Market Context

This retail in Richmond, TX is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Richmond, TX — view the full market.

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