100 N Interstate 35 - Restaurant FOR SALE
San Marcos, TX 78666 |
$5,140,800 USD
214-466-6549
100 N Interstate 35
San Marcos, TX 78666
HIGHLIGHTS
- ABS NNN Lease: The property is under an absolute net (NNN) lease, with zero landlord responsibilities.
- ±22.5 years remaining on the lease term backed by Red Lobster Corporate (560+ locations).
- Attractive 2% annual rental increases, ensuring consistent income growth over time.
- he property boasts excellent visibility with traffic counts on S Guadalupe St exceeding ±27,000 vehicles per day (VPD) and close proximity to I-35
FOR SALE DETAILS
PRICE
$5,140,800 USD
PRICE/SF
$904 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Red Lobster
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.44 AC
LAND SF
62,726 SF
ZONING
-
APN/PARCEL ID
R62405
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214-466-6549
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214-466-6549
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