1010 Wildcat Dr - Freestanding FOR SALE


Portland, TX 78374- Northshore
$7,595,000 USD
480-221-4221
1010 Wildcat Dr, Portland, TX for Sale
$7,595,000 USD
Freestanding - FOR SALE
1/4
null | 6% Cap Rate

1010 Wildcat Dr
Portland, TX 78374
Northshore


HIGHLIGHTS

  • 8+ Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership
  • Signalized, Hard Corner Intersection | Walmart Supercenter Anchored Center | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Corporate signed lease by Whataburger Restaurants, LLC • 8+ years remaining with 3 (5-year) option periods to extend • The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$7,595,000 USD

PRICE/SF

$2,337 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger | 8+yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

CG

APN/PARCEL ID

1471-0200-0200-002

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 Notice.