Listed by Matthews
$7,708,029
EL TORO SINALOENSE
Details
Property Type Retail
Sub Type Restaurant
Square Footage 16,640
Cap Rate 6.85%
NOI $528,000
Tenancy Single
Lease Type NN
Lease Term 10
Lease Expiration 02/28/2035
Rent Bumps Yes
Lease Options 2 x 5 @ FMV
Price per SqFt $463
Year Built 1980
Year Renovated 2022
Acreage 2.040
Investment Type Net Lease
Lease Commencement 03/01/2025
Retail | 6.85% CAP | 16,640 SqFt
Investment highlights
- Long Term Lease: Recently Signed 10-year corporate lease with increases throughout the initial term and options.
- The subject property sits with prime frontage and visibility on I-30 which sees nearly 130,000 VPD and is one of THE main highway corridors connecting Dallas and Fort Worth
- The Property is situated less than 1-mile away from AT&T Stadium, Globe Life Field, Six Flags over Texas, and Hurricane Harbor, which collectively see over 10 million Visitors Annually
- Strong proven multi-unit operator, with extensive experience in the restaurant/ bar/ entertainment business.
- Significant daytime and nighttime traffic, driven by sports venues, hotels, tourism, healthcare, and nearby employers
- Dense surrounding residential base with numerous nearby apartment communities
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$528,000.00
$44,000.00/mo
Valuation Metrics
0
DSCR
6.85%
Cap Rate
6.85%
ROI
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