Fajita Kings - Temple, TX 2006 S 31st St

2006 S 31st St , Temple, Texas, 76504 | 3,924 sq.f | $ 2,352,000

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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