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22246500
22246501

2501 E Hubbard Street, Mineral Wells, TX 76067 For Sale

AM
TX 0606255, CA 01391653
Marcus & Millichap - San Diego
CT
CA 303918
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$2,836,364
493 days on market
Updated 12 days ago
Opportunity zone

POPEYES w/ DR-THRU | 20 YEAR NNN GROUND SALE LEASEBACK

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,400
Cap Rate 5.5%
NOI $156,000
Tenancy Single
Brand/Tenant Chick-fil-A, Popeyes (+2)
Lease Type Absolute NNN
Lease Expiration 12/31/2044
Remaining Term 18.5
Rent Bumps Yes
Price per SqFt $1,182
Class A
Year Built 2024
Acreage 0.670
Investment Type Net Lease
Tenant Credit Franchisee

Retail | 5.50% CAP | 2,400 SF

Marketing description

PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:

https://themansourgroup.com/properties/310376/popeyes

Investment highlights

  • 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2024 Construction & Features a Drive-Thru.

  • Positioned Along Area’s Major Retail & Traffic Corridor - Features Easy Access & Excellent Visibility along E Hubbard St / Hwy 180, the main thoroughfare through Mineral Wells.

  • Mineral Wells sits just 40 Miles from Fort Worth, and benefits from Proximity to the Dallas Fort Worth MSA, which has been dubbed the “Silicon Prairie.”

  • In Close Proximity to Numerous National Retailers Including Walmart Supercenter, Tractor Supply, Harbor Freight, CVS Pharmacy, Walgreens, Atwoods and many more.

  • The Site is Located near the City’s Industrial Hub - Surrounded by Numerous Light Industrial, Manufacturing Plants and Distribution Centers.

  • Minutes from Fort Wolters - Formerly a United States Military Installation now used as an Industrial Park, and a Training Center for the Texas Army National Guard.

  • Walking Distance from Brazos Shopping Center - a Shopping Center Anchored by a Movie Theater, Bowling Alley and features more than 30 Retail Stores and Restaurants.

  • A Short Drive from Mineral Wells Airport - Offers General Aviation, Corporate Flights, and Military Training with two Runways. It hosts Aviation Businesses and Amenities, Contributing Significantly to Local Economic Development.

Listing Contacts

AM
TX 0606255, CA 01391653
Marcus & Millichap - San Diego
CT
CA 303918
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$156,000.00
$13,000.00/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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