Listed by SURMOUNT
$4,600,000
2-Unit Taco Cabana
Details
Property Type Retail
Sub Type Restaurant
Cap Rate 6.50%
NOI $299,043
Lease Type NNN
Buildings 2
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple
Retail | 6.50% CAP
Investment highlights
- Investment Summary 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.
- Healthy Store Sales Investors will benefit from a strong performing location. Please contact listing agent for more details
- Absolute Net Lease Fee Simple ownership with Zero Landlord Responsibilities and 1.00% annual increases.
- Prime Interstate Exposure Situated along Interstate 35 with traffic counts exceeding 140,227 vehicles per day, providing exceptional visibility.
- Dense Austin Population Base More than 304,000 residents live within five miles of the property, supporting strong daily consumer demand.
- 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
- Hard Corner Location Located directly along the signalized corner of William Cannon Dr and I-35 Frontage Rd
- Proximity to Major Retailers Surrounded by national retailers including H-E-B, Burlington, Academy Sports, Lowe’s, and numerous restaurants.
- Strong Household Growth Households within five miles are projected to grow from 135,320 in 2024 to over 148,000 by 2029
Listing Contacts
Listed by SURMOUNT
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$299,043.00
$24,920.25/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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