Listed by Retail Investment Group LLC
$3,675,000
Casual Dining Absolute NNN Mesquite TX
Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,250
Cap Rate 8.75%
NOI $321,648
Tenancy Single
Brand/Tenant Hooters
Lease Type Absolute NNN
Lease Expiration 08/31/2037
Remaining Term 11.2
Rent Bumps Yes
Lease Options (3) 5-Year Options
Year Built 1987
Acreage 0.920
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Absolute NNN | MESQUITE, TX | 8.75% CAP | 4,250 SqFt
Marketing description
Retail Investment Group is pleased to be the exclusive listing brokerage for this Hooters in Mesquite, Texas. Located within the Dallas-Fort Worth-Arlington MSA with over 7.6M residents.
This opportunity features a long-term absolute NNN lease with approximately 11 years remaining.
This ±4,250 square foot building sits on a ±0.92 acre lot. The building was built in 1987.
Investment highlights
- Located right off of the I-30 & I-635 interchange with approximately 200,000 vehicles per day
- Outparcel to Kroger Shopping Center
- Texas is an income tax-free state
- Hooters has recently invested money into site improvements
- Approximately a 15 minute drive from Dallas with over 1.2 million residents
- Nearby retailers include Office Depot, Petco, Burlington, Lowe's, Fitness Connection, Guitar Center, Olive Garden, Black Bear, TGIF, Urban Air and more
Listing Contacts
Listed by Retail Investment Group LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$321,648.00
$26,804.00/mo
Valuation Metrics
0
DSCR
8.75%
Cap Rate
8.75%
ROI
Map
Zoning
C CommercialGeneral CommercialCommercial
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