Listed by SRS Real Estate Partners SAN ANTONIO, SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa
$1,946,000
Whataburger | Taft TX
Details
APN 1853-0049-0015-002
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,832
Units 22
Cap Rate 5%
NOI $97,318
Tenancy Single
Brand/Tenant Whataburger
Lease Type Absolute NNN
Lease Term 17
Lease Expiration 08/31/2036
Remaining Term 10.2
Rent Bumps Yes
Lease Options 3 (5-Year)
Year Built 1986
Acreage 0.340
Zoning C-Commercial
Parking Spaces 22 spaces
Parking Per SqFt 12.01
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2019
Ground Lease No
Ownership Fee Simple
Retail | 5.00% CAP | 1,832 SqFt
Investment highlights
- 10+ Years Remaining | Scheduled Rental Increases | Options to Extend
- Absolute NNN | Fee Simple Ownership
- Located Along Hwy 181 | Nearby National/Credit Tenant |Traft Highschool & Traft Junior Highschool
- 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
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Annual Debt Service
$--
$--
Annual Cash Flow
$97,318.00
$8,109.83/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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