Seguin Subway

RESOLUT RE is pleased to present 1524 N State Highway 46, a 2,332 SF freestanding Subway on 1.34 acres at the I-10 and SH 46 interchange in Seguin, Texas. Built in 2012 and offered at $900,000, the property delivers $75,600 of NOI at an 8.40% cap rate under a modified NNN lease in which the tenant reimburses property taxes and insurance and handles HVAC, parking, and utilities.

The lease runs through January 31, 2028, and renews automatically for up to four five-year terms unless the tenant gives notice of non-renewal. Rent increases 10% at each renewal, and the first renewal alone moves annual rent from $75,600 to $83,160, a 9.24% return on the asking price. The Tenant also holds a right of first refusal. The location is the established corner at the same intersection as the 544-acre Seguin Exchange, so the center is positioned for the traffic and employment growth now coming to the I-10 corridor.