Two-Tenant Investment On Hotel Row | Victoria 7002 N Navarro St

7002 N Navarro St , Victoria, Texas, 77904 | 6,055 sq.f | $ 1,994,000

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About This Restaurant

Investment Highlights

Newer Construction Two Tenant Investment On Hotel Row | Corporate Pediatric Associates DBA Almouie Pediatrics | New 10-year lease w 7 years remaining Rental increase in 2026 and two 5-year options at 10% increases | Guarantee from Pediatric Associates Holding Company, LLC (260+ locations) for the High Identity Location Along Navarro Street (30,000 CPD), the Area?s Primary Retail Corridor Tortilleria y Taqueria: Brand new 5-year lease with two personal guaranties | Two 5-year options at 10% increases Low Second-Generation Rents: Both spaces have rents that have been right sized to the market; opportunity for long-term future rent growth Victoria is the Retail, Medical, and Higher Education Hub of the Region Which Encompasses Over 250,000 People

Executive Summary

Newer Construction Two-Tenant NNN Investment Opportunity | Surrounded by 12 National Hotels | Low 2nd Generation Rents

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    6,055
  • Building Class    C
  • Year Built    2015
  • Price    1,994,000
  • Price Per SF    329
  • Cap Rate    7.10
  • NOI    141,517
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.17
  • Land Acres    0.83 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.

Nearby Amenities & Transportation

Retail WW
Retail Starbucks
Retail Wells Fargo Home Mortgage
Retail Olive Garden Italian Rstrnt
Retail IHOP
Retail LongHorn Steakhouse
Retail Red Lobster
Retail Frost Bank
Retail Denny's
Retail Casa Ole

Property Taxes

Parcel Number 40461-001-00100 Improvements Assessment $540,360
Land Assessment $959,640 Total Assessment $1,500,000
Date Created: 2024-07-16 04:23:40 Last Updated: 2024-07-16 04:23:40
Address: 7002 N Navarro St , Victoria, Texas, 77904