Salad & Go | New 20yr Corp Abs NNN | DrThr 736 Hewitt Dr

Investment Highlights

Brand New 20-Year Lease | Corporate Guaranteed |Scheduled Rental Increases | Brand New Construction Central Texas Marketplace (917,000 SF) | Drive-Thru Equipped |Primary Retail Corridor Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed, drive-thru equipped, Salad and Go investment property located in Hewitt, Texas (Waco MSA). The tenant, And Go Concepts, LLC, recently signed a brand new 20-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. The newly-constructed building features a state-of-the-art design and high-quality materials. Salad and Go was founded in 2013 in Gilbert, Arizona. The company currently operates nearly 103 locations in the Western United States and is continuing to expand.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Restaurant Freestanding
• Building Size    827
• Year Built    2023
• Price    1,679,000
• Price Per SF    2,030
• Cap Rate    5.30
• NOI    89,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.04
• Land Acres    0.54 AC

• Restaurant
• Signage
• Drive Thru