The Boulder Group has completed the sale of a single tenant Joe Hudson’s Collision Center located in Seguin, TX for $2,409,000. The net lease investment consisted of two properties, positioned across the street from each other, that are under one lease. The two properties were located at 116 W Cedar Street, Seguin, TX and 1024 N Austin Street, Seguin, TX.
Zach Wright and Brandon Wright exclusively represented the seller in the transaction. The seller was a local investor that previously owned and operated their collision repair business at the property prior to signing a long-term lease with Joe Hudson’s. The purchaser was an all-cash 1031 exchange investor based in Central Texas.
Seguin is one of the fastest growing cities in the U.S. with a 5% annual growth rate and has experienced a 30% increase in population since 2000. Seguin is located approximately 35 miles northeast of downtown San Antonio and 50 miles south of Austin. The 25,506 SF property has been a successful collision repair center for approximately 30 years.
The property features a long-term lease to Joe Hudson’s Collision Center, one of the largest collision repair companies with over 200 locations. The lease features a below market rent and limited landlord responsibilities. Numerous qualified offers were generated, and the property sold within 37 days of signing a contract.
“Single tenant properties with long-term leases and proven successful operating histories can be difficult to find and are in high demand amongst net lease investors,” stated Zach Wright, Vice President.
“Net lease collision centers remain highly sought after due to their e-commerce & recession resistant business model and favorable accelerated depreciation that they offer. We’ve assisted numerous former collision center owners/operators successfully sell their properties upon signing a long-term lease with large national collision repair companies such as Joe Hudson’s, Caliber Collision, and Crash Champions,” added Brandon Wright, Associate.
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2023, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
For additional information, please visit www.BoulderGroup.com
PR Contact
Zach Wright 720-604-2220
Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html
