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27817542
27817543

3325 Lamar Ave, Paris, TX 75460

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa
$2,895,000
224 days on market
Updated 45 days ago

Whataburger | Paris, TX

Details
APN 18563
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,190
Cap Rate 5.05%
NOI $146,094
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Burger King (+2)
Lease Type Absolute NNN
Lease Term 18
Lease Expiration 08/31/2037
Remaining Term 11.2
Rent Bumps Yes
Lease Options 3 (5-Year)
Broker Co-Op Yes
Year Built 1999
Buildings 1
Stories 1
Acreage 0.500
Zoning PD - Planned Development
Parking Spaces 40 spaces
Parking Per SqFt 12.54
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2019
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Sale Condition 1031 exchange

11+ Yr Remaining 10% Increases Every Five | Neighboring Paris Towne Center with National Retailers

Marketing description

Introducing an exceptional investment opportunity at 3710 W. Northwest Highway in Dallas, Texas. This Single Tenant Absolute NNN property boasts over 11 years remaining on the lease, featuring options to extend and scheduled rental increases, ensuring a secure income stream for investors. With a Net Operating Income of $240,477 and a Cap Rate of 4.91%, this property is a lucrative proposition. The fee simple ownership and Absolute NNN lease structure held by Corporate (Whataburger Restaurants, LLC) make this an attractive option for passive investors. Situated in a prime location adjacent to Dallas Love Field Airport and surrounded by a bustling retail corridor hosting major national retailers, this property benefits from strong foot traffic and consumer demand. The 0.77-acre land area includes a 2,752 SF building with 42 parking spaces, offering a high-visibility, convenient location for both the tenant and potential customers.

Investment highlights

  • Over 11 Years Remaining | Options To Extend | Scheduled Rental Increases

  • Absolute NNN | Fee Simple Ownership

  • Paris Towne Center | High Traffic Intersection | Dense Retail Corridor

  • Strong Demographics In The Immediate Trade Area

Listing Contacts

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$146,094.00
$12,174.50/mo

Valuation Metrics

0
DSCR
5.05%
Cap Rate
5.05%
ROI

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Additional Information

Name
Ryan Johnson
License
TX License No. 525292
Brokerage
SRS Real Estate Partners-Southwest, LLC |
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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