About This Restaurant
Investment Highlights
Brand New Construction 7Brew Coffee 15- Year Absolute NNN Lease in Pharr, Texas (880K Population McAllen MSA) High Performing Store: Averaging $35,000 Per Week in Sales Since January 2023 Opening Personal Guarantees from Franchisee Principals who Own Rights to Develop 27 Stores in the South Texas (Corpus Christi, McAllen, Laredo, Brownsville & Absolute NNN with Zero Landlord Responsibilities ; 10% Rent Increases Every 5 Years of Primary Term & Options Fee-Simple Ownership Allowing Purchaser to Depreciate Site Improvements Just 0.6-Mile from I-2 Exit Ramps with 125,836VPD
Executive Summary
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Storefront Fast Food
- Building Size 510
- Building Class C
- Year Built 2022
- Price 2,572,000
- Price Per SF 5,043
- Cap Rate 6.75
- NOI 173,600
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.01
- Land Acres 1.03 AC
Amenities
- Drive Thru
Nearby Amenities & Transportation
| Retail | Gold's Gym | ||
| Retail | 7 Brew Coffee | ||
| Retail | Starbucks | ||
| Retail | Panda Express | ||
| Retail | Golden Corral Buffet & Grill | ||
| Retail | Church's Chicken | ||
| Retail | Jack In The Box | ||
| Retail | Chase Bank | ||
| Retail | PNC Bank | ||
| Retail | Texas Roadhouse |
Property Taxes
| Parcel Number | J2280-03-000-005A-00 | Improvements Assessment | $864,689 |
| Land Assessment | $0 | Total Assessment | $864,689 |
| Date Created: | 2024-07-16 04:23:43 | Last Updated: | 2024-07-16 04:23:43 |
| Address: | 1101 S Jackson Rd , Pharr, Texas, 78577 | ||