Listed by Marcus & Millichap - Orange County
$2,610,000
Wienerschnitzel Absolute NNN Lease
Details
APN R000215351
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,040
Cap Rate 5.75%
NOI $150,000
Tenancy Single
Lease Type Absolute NNN
Rent Bumps Yes
Lease Options Six, Ten-Year
Year Built 2016
Acreage 0.710
Investment Type Sale/Leaseback
Ground Lease No
Retail | 5.75% CAP | 2,040 SqFt
Marketing description
Pride of Ownership Midland
- Affluent Area with the Average Household Income Exceeding $125,000 within 3 Miles
- Proximity to Major Educational Hub - Located just 5 miles from Midland College, a Community College with over 5,180 students and more than 800 Faculty and Staff
- Proximity to Major Aviation & Aerospace Infrastructure - 10 Miles from Midland International Air & Space Port, the First Jointly Located Spaceport and Airport in the World that Currently Serve 43 counties in Texas and New Mexico. Also, 5 Miles from Midland Airpark, a Vital Hub for the Region’s Business and Corporate Aviation Traffic.
- Positioned in a Rapidly Growing Market - Midland is Recognized as One of the Most Economically Dynamic Cities in the United States. The Kenan Institute’s American Growth Project Recently Ranked Midland as the #1 Fastest-Growing Mid-Sized City in the Nation Based on Potential GDP Growth of 9.4%
Investment highlights
- Successful Store Operating with a $200,000 Profit
- New, 15-Year Sale-Leaseback with Personal Guaranty
- Ranked in the Top 25% of the Entire Wienerschnitzel System
Prime Retail Location
- Highly-Trafficked Location Located on Loop 250 with a Traffic Count Over 63,000 CPD
- Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Lowe’s, Walmart, Home Depot, Carl’s Jr, Verizon, Lucky Strike, Kohl’s, Sherwin-Williams, Cracker Barrel, and Many More
- Texas is an Income Tax-Free State
Experienced Wienerschnitzel Franchisee
- Experienced Multi-Unit & Brand Operator with 25+ Years of Experience and More than 25 Units Across Multiple Concepts Throughout California, Texas, Utah, and New Mexico
- Franchisee Intends to Continue Growing Further Wienerschnitzel Locations. Guaranty Will Grow Over Time
- Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
- Scheduled 10% Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
Listing Contacts
Listed by Marcus & Millichap - Orange County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,000.00
$12,500.00/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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