1709 W 7th Ave - Fast Food FOR SALE


Corsicana, TX 75110
$4,495,000 USD
480-221-4221
1709 W 7th Ave, Corsicana, TX for Sale
$4,495,000 USD
Fast Food - FOR SALE
1/4
null | 5.52% Cap Rate

1709 W 7th Ave
Corsicana, TX 75110


HIGHLIGHTS

  • 8+ Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership
  • Excellent Visibility & Access | Navarro College (3,100+ Students) | Dense Retail Corridor
  • 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

$4,495,000 USD

PRICE/SF

$1,229 USD /SF

CAP RATE

5.52%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger | 8+ Yrs Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

GR

APN/PARCEL ID

33077,33079

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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