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15741 S I-35, Salado, TX, 76571

Salado Collision Center
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Key Information

Tot. SF
5,083
Lot Size
1.09 Acres
Year Built
1997 / 2024 (R)
Term Remaining
± 3 Years
Type
Industrial

Highlights

  • Prime Interstate Frontage and Accessibility: Situated directly off I-35 with frontage road visibility, the property enjoys exposure to over 90,000 vehicles per day, enhancing its appeal for industrial, storage, or commercial uses.
  • Stable Income Stream from Existing Lease: The building is leased to a collision repair tenant with three years remaining on the term, providing immediate cash flow and reducing vacancy risk during the initial holding period with 3% annual rental increases in the lease.
  • Tenant-Funded Improvements: Since occupying the building approximately two years ago, the tenant (Salado Collision Center) has invested over $300,000 in improvements to the property, including installation of a paint booth, electrical upgrades, office buildout, and security systems.
  • Strong Area Demographics and Affluence: Located in an affluent submarket with average household incomes exceeding $101,000 within a 3-mile radius, and a median home value of $445,900, indicating a stable and growing consumer base.
  • Robust Population and Economic Growth: Salado and surrounding Bell County are experiencing significant expansion, with annual population growth of 3.7% over the past four years and projected 2.6% growth through 2029.
  • Incoming Residential Development: The area is poised for substantial residential influx, with numerous new home communities underway and over 100 new construction homes currently listed in Salado.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919, 528005
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204