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29483890
29483891

311 W Camp Wisdom Rd, Duncanville, TX 75116

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
$3,795,000
127 days on market
Updated 112 days ago

Whataburger | Duncanville, TX

Details
APN 60099500000100000
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,348
Cap Rate 5.51%
NOI $209,080
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, McDonald's (+2)
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 08/30/2034
Remaining Term 8.2
Rent Bumps Yes
Lease Options 3 (5-Year)
Price per SqFt $1,134
Broker Co-Op Yes
Year Built 1999
Year Renovated 2000
Buildings 1
Stories 1
Acreage 0.660
Zoning LR-2- Local Retail
Parking Spaces 42 spaces
Parking Per SqFt 12.54
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

8+ Yr. Remaining | 10% Increases Every Five | Near I-20 Averaging 186,000 VPD

Marketing description

Introducing an exceptional investment opportunity at 311 W Camp Wisdom Road in Duncanville, Texas! This Single Tenant Absolute NNN property boasts a Corporate lease by Whataburger Restaurants, LLC with over 8 years remaining and multiple extension options. Scheduled rental increases of 10% every 5 years ensure a growing Net Operating Income. With fee simple ownership, this property offers a passive investment opportunity as the tenant covers all operating expenses. Situated along W Camp Wisdom Rd in a bustling retail corridor with high traffic volume, this location benefits from proximity to Interstate 20, ensuring excellent visibility. This high-traffic area features a strong tenant synergy with major retailers nearby, enhancing consumer draw. Don't miss out on this prime property showcasing a 5.51% Cap Rate and a Net Operating Income of $209,080. Invest in the future while enjoying long-term stability with this lucrative asset.

Investment highlights

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

  • Absolute NNN | Fee Simple Ownership

  • Along W Camp Wisdom Rd | Interstate 20 | Dense Retail Corridor

  • Strong Demographics in 5-Mile Trade Area | Direct Consumer Base

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
$209,080.00
$17,423.33/mo

Valuation Metrics

0
DSCR
5.51%
Cap Rate
5.51%
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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