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31179877
31179878

2111 Houston Hwy, Victoria, TX 77901

JP
TX 424317-B
STRIVE Commercial Real Estate Advisors
CJ
TX 833812
STRIVE Commercial Real Estate Advisors
Listed by STRIVE Commercial Real Estate Advisors
$2,000,000
76 days on market
Updated 38 days ago
Opportunity zone

Freddy's Frozen Custard

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,552
Cap Rate 5.75%
NOI $114,999
Occupancy 100%
Lease Type NNN
Lease Term 15
Lease Expiration 07/28/2041
Remaining Term 15.2
Rent Bumps Yes
Lease Options 5-year renewal options extend tenancy through 2066
Price per SqFt $563
Broker Co-Op Yes
Year Built 2023
Buildings 1
Acreage 2.040
Lease Commencement 07/28/2026
Ground Lease No

Retail | 5.75% CAP | 3,552 SqFt

Marketing description

Introducing Freddy’s Frozen Custard - Victoria, TX, a lucrative investment opportunity within the Victoria MSA. This property presents an enticing 15-year NNN lease, offering a hassle-free investment experience with no landlord responsibilities. With strong rent growth featuring 7.5% increases every five years, you benefit from built-in inflation protection. This renowned fast-casual restaurant is operated by Lone Star Custard, a seasoned Freddy's operator with vast experience and resources. Positioned strategically near Christus Spohn Hospital and St. Joseph High School, the location enjoys consistent traffic flow. Situated in a prime retail corridor along Houston Highway (US-59 Business), this property boasts high visibility and accessibility.

Investment highlights

  • 15-Year NNN Lease:
  • Newly executed lease through 2041 with zero landlord responsibilities.
  • Strong Rent Growth: 7.5% rent increases every five years provide built-in inflation protection.

Listing Contacts

JP
TX 424317-B
STRIVE Commercial Real Estate Advisors
CJ
TX 833812
STRIVE Commercial Real Estate Advisors
Listed by STRIVE Commercial Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$114,999.00
$9,583.25/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Jennifer Pierson
License
424317-B
Brokerage
STRIVE Real Estate
Brokerage Phone
214-354-6820
Title
Broker
Brokerage Address
17742 Preston Road
Name
Connor Jabbar
License
833812
Brokerage Phone
4698448889
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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