Seguin, TX - Murdoch's Ranch & Home Supply

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Murdoch’s Ranch & Home Supply investment property located in Seguin, Texas. The tenant recently signed a brand new 10-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Today, Murdoch’s is proud to have over 40 stores spanning six states as well as an e-commerce website. Parking lot re-striping work completed October 2024. The interior of the building will undergo a significant remodel at tenant’s cost in 2025.

The Murdoch’s Ranch & Home Supply is located near the signalized, hard-corner intersection of I-10 Frontage Rd and N Austin St. The property is located off of I-10, which averages over 51,200 vehicles passing by daily. I-10 spans from Santa Monica, California to Jacksonville, Florida. The asset is located in the heart of Seguin’s industrial corridor and is less than a mile from a 100,000+ square foot Home Depot. The site is within walking distance to a newly-built QuikTrip, Stripes, and Discount Tire. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, H-E-B, Planet Fitness, Starbucks, Chili’s, Whataburger, McDonald’s, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by approximately 42,200 residents and 20,500 employees, providing a direct consumer base from which to draw. Residents within 5 miles of the subject property boast an affluent average household income of $91,527.