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29491998
29491999

2503 E Hubbard St, Mineral Wells, TX 76067

WS
TX TX 589055
SRS Real Estate Partners SAN ANTONIO
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 SAN ANTONIO, SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa
$3,795,000
125 days on market
Updated 45 days ago
Opportunity zone

Whataburger | Mineral Wells, TX

Details
APN 43330000
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,142
Cap Rate 5.65%
NOI $214,408
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, McDonald's (+2)
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 08/31/2034
Remaining Term 8.2
Rent Bumps Yes
Lease Options 3 (5-Year)
Price per SqFt $1,208
Broker Co-Op Yes
Year Built 1979
Buildings 1
Stories 1
Acreage 0.670
Zoning Commercial
Parking Spaces 34 spaces
Parking Per SqFt 10.82
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/02/2019
Ownership 3,895,000
Sale Condition 1031 exchange

8+ Yr. Remaining | Corporate | 10% Increases | Neighboring Tractor Supply Co. Anchored Center

Marketing description

Introducing an enticing investment opportunity at 2503 E Hubbard Street in Mineral Wells, Texas. This single-tenant Absolute NNN property boasts over 8 years remaining on the lease, with scheduled rental increases and options to extend. With a net operating income of $214,408 and a solid cap rate of 5.50%, this property offers a lucrative opportunity. Situated near a Tractor Supply Co. anchored center and surrounded by prominent retailers like Walmart, Taco Bell, and Starbucks, the property enjoys high visibility on E Hubbard St, a bustling retail thoroughfare with strong commuter traffic. The area benefits from a dense retail corridor, making it an attractive location for investors seeking stable returns. With Whataburger Restaurants, LLC as the corporate tenant responsible for all expenses, this fee simple ownership property is ideal for passive investors looking for a hands-off opportunity.

Investment highlights

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

  • Absolute NNN | Fee Simple Ownership

  • Near Tractor Supply Co. Anchored Center | Dense Retail Corridor

  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

WS
TX TX 589055
SRS Real Estate Partners SAN ANTONIO
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 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
$214,408.00
$17,867.33/mo

Valuation Metrics

0
DSCR
5.65%
Cap Rate
5.65%
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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