About This Restaurant
Investment Highlights
Brand New 15-Year Absolute Triple-Net (NNN) Lease Growing Regional Tenant with 37 Locations Throughout Texas and Mexico More Than 46,000 Cars per Day at the Nearby Intersection of Buddy Owens Boulevard and North Ware Road 10% Rental Increases Every 5 Years with Multiple Renewal Options High-Quality 2024 Construction with a Full Bar and an Outdoor Patio 227,304 Residents within a 5-Mile Radius with Households and Population Projected to Increase 6% in the Surrounding Area by 2028
Executive Summary
Wing Daddy?s offers made-to-order menu items, 23 made-from-scratch sauces, and a variety of delicious drinks. With nearly 40 locations throughout El Paso, San Antonio, Dallas/Fort Worth, the Rio Grande Valley, and Mexico, Wing Daddy?s is rapidly growing throughout Texas and Mexico.McAllen is the largest city in Hidalgo County, Texas and is located at the southern tip of the state in the Rio Grande Valley just a few miles north of the U.S.-Mexico Border. The city limits extend south to the Rio Grande, across from the Mexican city of Reynosa. McAllen is approximately 70 miles west of the Gulf of Mexico.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Restaurant
- Building Size 4,000
- Year Built 2024
- Price 2,354,000
- Price Per SF 589
- Cap Rate 6.50
- NOI 153,000
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.10
- Land Acres 0.90 AC
Property Taxes
| Parcel Number | F1653-00-000-000A-00 | Improvements Assessment | $266,849 |
| Land Assessment | $455,151 | Total Assessment | $722,000 |
| Date Created: | 2024-07-16 04:23:45 | Last Updated: | 2024-07-16 04:23:45 |
| Address: | 4801 Ware rd , McAllen, Texas, 78504 | ||