Listed by SURMOUNT
$2,450,000
2-Unit Taco Cabana
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,253
Cap Rate 6.67%
NOI $163,489
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Cabana
Lease Type Absolute NNN
Lease Expiration 07/06/2028
Remaining Term 2
Year Built 1995
Acreage 0.970
Tenant Credit Corporate Guarantee
Lease Commencement 07/07/2003
Ground Lease No
About This Property for Sale
Marketing description
Surmount is pleased to present the exclusive listing for a Taco Cabana located at 6430 South Interstate 35 Frontage Road, Austin, TX 78745. The site consists of roughly 3,253 rentable square feet of building space on an estimated .97-acre parcel of land. Taco Cabana is subject to a 25-year Triple Net (NNN) lease, which commenced 7/7/2003. The current annual rent is $163,489 and has scheduled increases of 1.00% Annually.
Investment highlights
- Healthy Store Sales | Investors will benefit from a strong performing location. Please contact listing agent for more details
- Income Tax Free State | Texas has no personal income tax and no corporate income tax making this an ideal investment for those looking for a strong business climate
- Absolute Net Lease | Fee Simple ownership with Zero Landlord Responsibilities and 1.00% annual increases
- Hard Corner Location | Located directly along the signalized corner of William Cannon Dr and I-35 Frontage Rd
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$163,489.00
$13,624.08/mo
Valuation Metrics
0
DSCR
6.67%
Cap Rate
6.67%
ROI
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