Listed by SRS Real Estate Partners South Florida, SRS Real Estate Partners Tampa
$2,079,000
Freddy's - Austin (Pflugerville) TX
Details
APN 02742804090000
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,282
Cap Rate 6%
NOI $124,740
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 22.1
Lease Expiration 03/31/2031
Remaining Term 4.7
Rent Bumps Yes
Lease Options 3 (5-Year)
Broker Co-Op Yes
Year Built 2008
Buildings 1
Stories 1
Acreage 0.860
Zoning General Business - 1
Parking Spaces 35 spaces
Parking per 1,000 SqFt 10.66
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 03/15/2009
Ground Lease Yes
Ownership Leased Fee
Retail | 6.00% CAP | 3,282 SqFt
Investment highlights
- Franchisee Guaranteed Ground Lease | Options To Extend | Scheduled Increases | Well Known & Established Brand
- Absolute NNN Ground Lease Structure | Leased Fee Ownership | Zero Landlord Responsibilities
- Located Within a Dense Retail Corridor | Outparcel to Popular Strip Center
- Freddy’s Recently Acquired by Rhône | Growing Franchisee Program
- Strong Demographics In 5-mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners South Florida, SRS Real Estate Partners Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$124,740.00
$10,395.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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