Listed by Chodrow Realty Advisors
$8,884,210.53
Twin Peaks Absolute NNN Lease Offering
Details
APN 534200030100
Property Type Retail
Sub Type Restaurant/Bar
Square Footage 8,905
Cap Rate 4.75%
NOI $422,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 07/31/2035
Remaining Term 9.1
Rent Bumps Yes
Price per SqFt $998
Broker Co-Op Yes
Year Built 1991
Year Renovated 2015
Acreage 1.470
Parking Spaces 122 per 1,000 sq ft
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 08/01/2015
Rent Commencement 08/01/2015
Occupancy Date 08/01/2015
Ownership Fee Simple
Retail | 4.75% CAP | 8,905 SF
Marketing description
This property has an 8,905 SF Twin Peaks that was remodeled in 2015. The site benefits from over 151,000 cars per day and is
located in a major retail trade area. The property is located in an outparcel pad site of a power center anchored by H-E-B grocery store at the dense retail corridor of Staples St. and S Padre Island Dr. The adjacent National retailers include HEB, Target, Marshall’s, Old Navy, Gap, Stein Mart, as well as many others.
Investment highlights
- This in an opportunity to acquire an absolute NNN leased Twin Peaks located in Corpus Christi, Texas. The long-term lease features 10% increases every 5 years in the initial term and during the option terms with zero landlord responsibilities. The subject property is operated by Avalanche Food Group, the second largest Twin Peaks Franchisee in the country. The tenant has a long operating history at this location and has a healthy rent-to-sales ratio of 7%.
Listing Contacts
Listed by Chodrow Realty Advisors
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$422,000.00
$35,166.67/mo
Valuation Metrics
0
DSCR
4.75%
Cap Rate
4.75%
ROI
Map
Zoning
CG-2 CommercialGeneral CommercialGeneral Commercial
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View all 61 uses Last updated Apr 8, 2026 For deeper zoning details, reports are available at Zoneomics
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