Listed by Venture Commercial
$7,243,595
El Rancho Supermercado - Katy, TX
Details
Property Type Retail
Sub Type Grocery Store
Square Footage 64,059
Units 1
Cap Rate 6.50%
NOI $470,834
Occupancy 100%
Tenancy Single
Brand/Tenant El Rancho Supermercado
Lease Type NNN
Lease Term 20.1
Lease Expiration 05/31/2039
Remaining Term 12.9
Rent Bumps Yes
Lease Options 4 x 5 Year Options
Price per SqFt $113
Broker Co-Op Yes
Year Built 2000 / 2019
Buildings 1
Acreage 8.810
Investment Type Net Lease
Tenant Credit No Credit Rating
Lease Commencement 05/16/2019
Ground Lease No
El Rancho Supermercado | 6.50% CAP | 64,059 SF
Marketing description
Investment highlights
• More than 150,000 people within a three-mile radius with average household incomes in excess of $109,000 with 43.7% of the population being Hispanic/Latino
• NNN 20-year primary term with approximately 13 years remaining
• El Rancho Supermercado has 29 existing locations across Texas and Kansas with all locations being corporately owned and operated
• Strong neighborhood location with excellent traffic counts at the intersection of Fry Road and Morton Road with more than 49,000 VPD
• Potential for pad site opportunity along Fry Road
Listing Contacts
Listed by Venture Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$470,834.00
$39,236.17/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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