Mixed Use Property in Downtown Square
8.00% CAP | 10,300 SF
Marketing description
111 S. Lamar - First Floor Restaurant is Branded 5,500 sq. ft. turn-key Restaurant and Bar featuring a 800 sq. ft. “banked out” culinary kitchen, as well as a party room with catering kitchen and separate lunch counter/coffee bar. It’s authentic, upscale antique lighting and décor welcomes guests from two separate entrances (bar side patio with gas fire pit and café entrance) under the recognizable 1918 brick store front cedar canopy. 3 HVAC 2021 dated 16 SEER Systems, Gas and 2 Electric Instant Hot Water, 2 Water Filter Systems, Established Triple Net Metering for both Suites, can be occupied as single or Dual Lease. Toast Point of Sale System with 6 handhelds, and two counter-top registers are included. Located on the west side of Eastland’s Historic Courthouse Square, and just one mile off the I-20 Interstate is Instagram ready and waiting for the perfect operator. The Beard Building is built waiting for a highly qualified restauranter interested in operating a valued business concept, engaging the local community and fulfilling a need for quality dining on the square. The lease includes everything necessary to make your dreams come true. Including DBA for “Beard’s Wheat and Rye”, Professional designed LED Building Signage, Website, Facebook, Logos, Merchandise Concepts and active Billboard on Eastbound Hgwy 20. 113 S. Lamar – 2nd story Energy Efficient, historic Apartment Residences completely Renovated in 2021, 16 SEER HVAC Systems, Instant Gas Hot Water, LED electric, replaced plumbing, electric, LG suite of Appliances. Palo Pinto Mountain State Park will be opening in 2025 with an expected 75,000 guests expected to participate in its hiking trails, 50 acre lake, and camping park. Located in nearby Mineral Wells it is located just 23 miles from Eastland
Investment highlights
- Historic all brick asset, completely renovated 2021
- West side of courthouse square
- Bar/Cafe, dual entrances, turnkey occupancy
- Professionally designed and decorated
- Branded restaurant campaign transferable
- Energy efficient utilities, LED lighting
- All suites/units set up for triple net leases
- 2nd story with four residential A+ executive rentals
- Residential Separate Entrance
- Roof replaced in 2022
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