Listed by SRS Real Estate Partners SAN ANTONIO, SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa
$3,906,000
Whataburger | Brownsville TX
Details
APN 04-9200-1060-0032-00
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,019
Units 36
Cap Rate 5.25%
NOI $205,081
Tenancy Single
Brand/Tenant Whataburger
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)
Year Built 1979
Acreage 0.780
Zoning CC - Corridor Commercial
Parking Spaces 36 spaces
Parking Per SqFt 11.92
Investment Type Net Lease
Lease Commencement 08/02/2019
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 5.25% CAP | 3,019 SqFt
Investment highlights
- 8+ Years Remaining | Scheduled Rental Increases | Options to Extend
- Absolute NNN | Fee Simple Ownership
- Boca Chica Square | High Traffic Area | Dense Retail Corridor
- 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
$205,081.00
$17,090.08/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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