- For Sale $575,000
- Property Type Retail
- Property Size 3,400 SF
- Units 1
- Date Updated May 30, 2025
OLDHAM GOODWIN is pleased to present 23473 FM 39 in Iola, Texas for your consideration. This newly renovated, single-tenant restaurant property is leased to Agave Azul, a popular Mexican restaurant with a strong local following. The tenant has approximately three years remaining on an absolute net lease, with no Landlord responsibilities. The owner and operator of Agave Azul has extensive experience with restaurant management, and was the general manager of Juan and Linda’s in Anderson, TX for many years. With a great local following and limited competition in the area, Agave Azul is primed for success, and presents a management free, high yield commercial real estate investment opportunity.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Brand new three (3) year lease with proven local operator.
- Absolute NNN lease, limited Landlord management.
- Tenant pays property taxes direct and carries property insurance.
- Tenant maintains the site and building, including roof and structure.
- Situated at the corner of well trafficked intersection, FM 39 and Main Street.
- Newly renovated building, brand new finish out, built in 2024.
- Grimes County witnessed a significant population increase of 14.2% between 2000 and 2024.
- The county charm and highly rated school district of Iola have become a popular lifestyle choice for young families that work in Bryan-College Station.
False
Contacts
Location
Getting Around
-
Walk Score ®
18/100
Car-Dependent
-
Bike Score ®
36/100
Somewhat Bikeable
- City Iola, TX
- Neighborhood Iola
- Zip Code 77861
Points of Interest
-
Bedias Citgo and General Store
7.38 miles
Frequently Asked Questions
The space currently listed for sale at 23473 FM 39, Iola asks for $575,000.
23473 FM 39, Iola totals 3,400 square feet.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
Oldham Goodwin Group