About This Restaurant
Investment Highlights
Brand New 20-Year Absolute NNN Lease with Attractive 7.50% Rental Escalations Every 5 Years! Robust growth plans that will put their unit count at ?120 locations by end of 2024! Positioned on the southeast corner of Mockingbird Ln & Shannon Rd E with excellent access on Mockingbird Ln and drive-by visibility from I-30 CSM Group is an experienced Popeyes franchisee based out of Houston, Texas with 100+ locations (TX, KS & MO) New, high-quality, build-to-suit construction of Popeyes newest prototype with 8-car stack drive-thru - slated for opening January 2024 2023 DEMOGRAPHICS: Total Population (5-MI): 18,848 | Average Household Income (1-MI): $104,146
Executive Summary
(Building & Land) Fee Simple
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Bank General Retail Restaurant General Retail Storefront Fast Food
- Building Size 7,104
- Building Class C
- Year Built 2024
- Price 2,439,000
- Price Per SF 343
- Cap Rate 5.75
- NOI 140,250
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.23
- Land Acres 0.70 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Restaurant
- Signage
- Drive Thru
Nearby Amenities & Transportation
| Retail | Panda Express | ||
| Retail | IHOP | ||
| Retail | Mcalister's Deli | ||
| Retail | Dutch Bros | ||
| Retail | Chili's Grill & Bar | ||
| Retail | Starbucks | ||
| Retail | Jack In The Box | ||
| Retail | Alliance Bank | ||
| Retail | Anytime Fitness | ||
| Retail | Buddy's Home Furnishings |
Property Taxes
| Parcel Number | R000006780 | Improvements Assessment | $109,740 |
| Land Assessment | $0 | Total Assessment | $109,740 |
| Date Created: | 2024-07-16 04:23:45 | Last Updated: | 2024-07-16 04:23:45 |
| Address: | 1300 Mockingbird Ln , Sulphur Springs, Texas, 75482 | ||