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29483649
29483650

2159 TX-36, Sealy, TX 77474 For Sale

WS
TX TX 589055
SRS Real Estate Partners SAN ANTONIO
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners SAN ANTONIO, SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa
$6,705,000
174 days on market
Updated 3 days ago

Whataburger | Sealy, TX

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,938
Cap Rate 6.2%
NOI $415,794
Occupancy 100%
Tenancy Single
Brand/Tenant Whataburger
Lease Type Absolute NNN
Lease Term 16.1
Lease Expiration 08/30/2035
Remaining Term 9.1
Rent Bumps Yes
Lease Options 3 (5-Year)
Price per SqFt $1,703
Broker Co-Op Yes
Year Built 1986
Buildings 1
Stories 1
Acreage 1.960
Zoning GC
Parking Spaces 51 spaces
Parking per 1,000 SqFt 12.95
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2019
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Sale Condition 1031 exchange

9+ Yr. Remaining 10% Increases Every Five | Neighboring Strong National Credit Retailers

Marketing description

Introducing an exceptional investment opportunity in Sealy, Texas! Presenting 2159 TX-36, a single-tenant absolute NNN property with over 9 years remaining on the lease. This property boasts scheduled rental increases and multiple options to extend, showcasing a strong commitment from the corporate tenant, Whataburger Restaurants, LLC. Situated across from Brazos Village Shopping Center on a spacious 1.96-acre lot, this fee-simple ownership property features a 3,938 SF building and ample parking with 51 spaces. With a cap rate of 6.00% and a net operating income of $415,794, this investment is ideal for passive investors seeking a reliable income stream. Benefiting from strong demographics in the 5-mile trade area and surrounded by national/credit retailers like Walmart Supercenter, Starbucks, and more, this property enjoys high visibility along Meyer Street, attracting approximately 24,000 vehicles per day.

Investment highlights

  • 9+ Years Remaining | Options To Extend | Scheduled Rental Increases

  • Absolute NNN | Fee Simple Ownership

  • Across Brazos Village Shopping Center | Meyer St (24,000 VPD) |Frontage Visibility | Strong National/Credit Retailers Nearby

  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

WS
TX TX 589055
SRS Real Estate Partners SAN ANTONIO
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners SAN ANTONIO, SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$415,794.00
$34,649.50/mo

Valuation Metrics

0
DSCR
6.2%
Cap Rate
6.2%
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
Name
Webb Sellers
License
TX 589055
Brokerage
SRS
Title
EVP
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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