Listed by SRS Real Estate Partners SAN ANTONIO, SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa
$2,186,000
Whataburger | DeSoto TX
Details
APN 200297000A0030000
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,496
Units 20
Cap Rate 4.75%
NOI $103,858
Tenancy Single
Brand/Tenant Whataburger
Lease Type Absolute NNN
Lease Term 16.1
Lease Expiration 08/31/2035
Remaining Term 9.1
Rent Bumps Yes
Lease Options 3 (5-Year)
Year Built 1983
Acreage 0.520
Zoning PD - Planned Development
Parking Spaces 20 spaces
Parking per 1,000 SqFt 8.01
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 08/02/2019
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 4.75% CAP | 2,496 SqFt
Investment highlights
- 9+ Years Remaining | Options to Extend |Scheduled Rental Increases
- Absolute NNN | Fee Simple Ownership
- Signalized, Hard-Corner Intersection (43,600 VPD) | Retail Corridor | Strong National/Credit Retail Presence
- Strong Demographics In 5-Mile Trade Area
Listing Contacts
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
$103,858.00
$8,654.83/mo
Valuation Metrics
0
DSCR
4.75%
Cap Rate
4.75%
ROI
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