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 |