About This Restaurant
Investment Highlights
Absolute NNN Lease With ~6 Years Remaining Temple's Population is Expected to Grow 5.64% Over the Next 5 Years; This Property is in a High Traffic Location, Seeing 30,308 VPD This Property Features Excellent Access and Visibility Within a Prominent Retail Hub 5% Rental Increases Every 2 Years Providing a Strong Hedge Against Inflation Strong Demographics With a Population of 80,640 Residents Within a 5-Mile Radius and Average Household Income of $73,668 Meta Investing $800M Into a 900,000 SF Facility Which Will Support Over 1,300 New Jobs
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,924 SF Fajita Kings Located at 2006 S 31st Street in Temple, TX. This Deal Includes an Absolute NNN Lease With ~6 Years Remaining, With 5% Rental Increases Every 2 Years and Zero Landlord Responsibilities, Providing For a Secured Investment.In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food General Retail Storefront General Retail Storefront Retail/Office Restaurant
- Building Size 3,924
- Building Class C
- Year Built 2017
- Price 2,352,000
- Price Per SF 599
- Cap Rate 6.75
- NOI 158,760
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 1.17 AC
Amenities
- Courtyard
- Restaurant
- Security System
- Drive Thru
- Air Conditioning
Nearby Amenities & Transportation
Retail | Church's Chicken | ||
Retail | MOD Pizza | ||
Retail | Rent-A-Center | ||
Retail | PNC Bank | ||
Retail | Buffalo Wild Wings | ||
Retail | Denny's | ||
Retail | Freebirds World Burrito | ||
Retail | Jazzercise | ||
Retail | Monterey's Little Mexico | ||
Retail | Applebee's |
Property Taxes
Parcel Number | 470449 | Improvements Assessment | $407,722 |
Land Assessment | $966,187 | Total Assessment | $1,373,909 |
Date Created: | 2024-07-16 04:23:42 | Last Updated: | 2024-07-16 04:23:42 |
Address: | 2006 S 31st St , Temple, Texas, 76504 |