1000 E Rendon Crowley Rd - Restaurant FOR SALE


Burleson, TX 76028
$4,250,000 USD
480-221-4221
1000 E Rendon Crowley Rd, Burleson, TX for Sale
$4,250,000 USD
Restaurant - FOR SALE
1/4
null | 4% Cap Rate

1000 E Rendon Crowley Rd
Burleson, TX 76028


HIGHLIGHTS

  • Brand New 15-Year Lease | Brand New Construction | Options To Extend | Scheduled Rental Increases | Relocation Store
  • Located Along South Freeway | Ample Parking |Direct Access To I-35W (133,000 VPD)
  • Southgate Marketplace | Gateway Station (368,000 SF) |McAlister Square (193,000 SF) | Primary Retail Corridor

OVERVIEW

• The tenant, Chick-fil-A, Inc., recently signed a brand new 15-year lease with 8 (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 newly-constructed building will feature a state-of-the-art design and high quality materials • The site is a relocation and expansion from across the freeway

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$831 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A | New 15yr Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

Commercial

APN/PARCEL ID

03991660

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.