Listed by SRS Real Estate Partners Newport Beach
$3,961,000
Taco Cabana | Houston, TX
Details
APN 1182370010004
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,895
Cap Rate 6%
NOI $237,637
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Cabana
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 12/30/2030
Remaining Term 4.6
Rent Bumps Yes
Lease Options 2 (5-Year)
Year Built 1983
Acreage 0.860
Zoning Commercial
Parking Spaces 38 spaces
Parking Per SqFt 13.13
Lease Commencement 12/28/2020
Ownership Fee Simple (Land & Building Ownership)
Retail | 6.00% CAP | 2,895 SqFt
Investment highlights
Recent Lease Extension | Options To Extend | Scheduled Rental Increases | Ranked #6 Nationwide (Placer.AI)
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Signalized, Hard-Corner Intersection (77,700 VPD) | Retail Corridor |Outparcel To Kroger (64,000+ SF)
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$237,637.00
$19,803.08/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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