2350 North Texas Street
Restaurant Retail For Sale | Value-Add or Owner User | 6,200 SF
Marketing description
Key Investment Highlights
Restaurant Corner Lot Retail Property for Sale
Located at the signalized intersection of North Texas Street and East Alaska Avenue, this high-visibility retail building benefits from ±23,000 daily vehicle traffic. The corner lot’s exposure and accessibility makes it ideal for both investors and owner-users.
Owner-User Opportunity
Second-generation pizza/restaurant space available for sale with approximately 3,200 SF available with the remaining 3,000 SF currently leased on a month-to-month basis.
Strategic Market Position
Located in a dense trade area with strong demographics:
1-Mile Radius: Population of 26,399; Average Household Income of $87,629
3-Mile Radius: Population of 107,334; Average Household Income of $101,844
Investment highlights
Numbers That Drive Value
Competitive Pricing with Strong Returns
Price: $1,050,000
Pro Forma Cap Rate: 12%
Attractive Net Operating Income (NOI)
Pro Forma NOI: $128,655 annually
Below-Market Rents with Upside Potential
Current Average Rent (In-Place): $0.67 PSF/month
Market Rent (Pro Forma): $2.25 PSF/ month
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