About This Restaurant
Investment Highlights
High Quality 2024 Construction with Drive-Thru Regional Trade Area Market that Encompasses Tarrant, Denton and Wise counties Long-Term Corporate Absolute NNN Ground Lease with 10% Rental Escalations Every 5 Years
Executive Summary
High Quality 2024 Construction with Drive-Thru ? Salad and Go has a dedicated drive-thru lane with excellent ingress/egressLong-Term Corporate Absolute NNN Ground Lease with 10% Rental Escalations Every 5 Years ? Allows an investor the opportunity to acquire a NNN asset on a truly passive income structure while the rental escalations provide a strong hedge against inflationRegional Trade Area Market that Encompasses Tarrant, Denton and Wise countiesUnique Concept that is Rapidly Growing with Annual Sales Growth of 166.3% ? Salad and Go had a compound annual growth rate of 115.8% in 2022, increasing from 38 units at the end of 2021 to 82 units at the end of 2022. Salad and Go?s annual sales grew 166.3%, up to $76.2 million at the end of 2022 from $28.6 million at the end of 2021Pad Site to The Champions Circle Mixed Use Development Driving Extensive Visitor Traffic to the SiteTexas has NO State Income Tax
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food
- Building Size 649
- Building Class B
- Year Built 2024
- Price 1,583,000
- Price Per SF 2,439
- Cap Rate 6
- NOI 95,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.03
- Land Acres 0.51 AC
Property Taxes
Parcel Number | R775759 | Improvements Assessment | $2,909,460 |
Land Assessment | $0 | Total Assessment | $2,909,460 |
Date Created: | 2024-07-16 04:23:40 | Last Updated: | 2024-07-16 04:23:40 |
Address: | 3416 114 , Fort Worth, Texas, 76177 |