1010 Lamesa Hwy - Freestanding FOR SALE


Big Spring, TX 79720
$2,685,137 USD
415-513-0465
1010 Lamesa Hwy, Big Spring, TX for Sale
$2,685,137 USD
Freestanding - FOR SALE
1/1
null | 6.75% Cap Rate

1010 Lamesa Hwy
Big Spring, TX 79720


HIGHLIGHTS

  • Long Term Absolute NNN Lease
  • 10% Rental Increases Every 5 Years
  • Minutes from Howard College (4,400 Students)
  • Strategic Location at I-20 & US-87 Interchange
  • Recent 2015 Construction with Drive-Thru
  • Income Tax Free State

OVERVIEW

This is an opportunity to acquire a well-established McAlister's Deli in Big Spring, Texas, backed by a long-term Absolute NNN lease. The lease includes 10% rent increases every five years, along with three additional five-year renewal options. The next rent increase is scheduled for September 2029. The property sits in a strong location along Lamesa Highway, approximately 0.2 miles from Interstate 20, which sees roughly 18,000 vehicles per day. It is surrounded by nine nearby hotels, including a new Baymont Inn & Suites directly across the street, creating steady demand from travelers and visitors to the area. The property also benefits from proximity to several major local demand drivers, including Howard College, Scenic Mountain Medical Center, and Big Spring State Hospital, all of which help support consistent daily traffic and long-term economic activity in the area.

FOR SALE DETAILS

PRICE

$2,685,137 USD

PRICE/SF

$735 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McAlister's Deli Long Term Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Robert WalkerThe Kase GroupMore Info
415-513-0465

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Robert WalkerThe Kase GroupMore Info
415-513-0465

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