Listed by Summit Real Estate
Unpriced
Taco Cabana
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,363
Net Rentable (SqFt) 3,363
NOI $151,249
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Cabana
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 09/30/2031
Remaining Term 5.3
Rent Bumps Yes
Lease Options 3 x 5
Class A
Year Built 2013
Year Renovated 2016
Acreage 0.790
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 10/01/2016
Ground Lease No
ABS NNN | HEB Out Parcel | 5 Years Remaining
Investment highlights
- NNN Lease | Tenant pays taxes, insurance, maintenance, roof, and structure.
- Rent Increases | 10% rent bumps every five years.
- Strong Location | Located on W Lake Houston Pkwy in a growing Houston retail corridor.
- HEB Outparcel | Benefits from traffic generated by nearby HEB and national retailers.
- Built in 2013 | Newer construction with established operating history.
- Long-Term Upside | Three 5-year renewal options remaining.
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$151,249.00
$12,604.08/mo
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