1110 W US Highway 77 - Restaurant FOR SALE


San Benito, TX 78586
$6,315,000 USD
480-221-4221
1110 W US Highway 77, San Benito, TX for Sale
$6,315,000 USD
Restaurant - FOR SALE
1/4
null | 6% Cap Rate

1110 W US Highway 77
San Benito, TX 78586


HIGHLIGHTS

  • 8+ Years Remaining | Options To Extend |Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership
  • Outparcel to Walmart Supercenter | Along U.S. 77 | Interstate 69E | Dense Retail Corridor | Nearby Schools & Apartment
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• Corporate signed lease by Whataburger Restaurants, LLC • Over 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

$6,315,000 USD

PRICE/SF

$2,037 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

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

C-2

APN/PARCEL ID

608140-0080-001200

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.