100% Occupied Retail Strip | Adj to ChickfilA 424 E Commerce St

Investment Highlights

100% Occupied | Recently Signed Leases | Options to Extend Dense Retail Corridor | Nearby Centers and National/Credit Tenants NNN Leases | Fee Simple Ownership | Low Management Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Pecan Bayou Retail Center, a NNN leased freestanding, recently constructed, 100% leased retail center located in Brownwood, TX. The offering features a strong food and service-based tenant lineup of WingStop, Security Finance, Brownwood Nail Lounge, and Great Clips. All tenants operate under leases that are NNN in nature, limiting expense leakage for a future investor. Tenants are recently signed, committing to a weighted average lease over 5 years, with scheduled rental increases during their initial term and extension options, steadily growing NOI, and hedging against inflation.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Restaurant General Retail Storefront Freestanding
• Building Size    6,400
• Year Built    2019
• Price    2,482,000
• Price Per SF    388
• Cap Rate    6.50
• NOI    161,330
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.12
• Land Acres    1.26 AC

• Freeway Visibility
• Restaurant
• Signage