203 E Pleasant Run Rd - Fast Food FOR SALE


DeSoto, TX 75115
$2,186,000 USD
480-221-4221
203 E Pleasant Run Rd, DeSoto, TX for Sale
$2,186,000 USD
Fast Food - FOR SALE
1/7
null | 4.75% Cap Rate

203 E Pleasant Run Rd
DeSoto, TX 75115


HIGHLIGHTS

  • 9+ Years Remaining | Options to Extend |Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership
  • Signalized, Hard-Corner Intersection (43,600 VPD) | Retail Corridor | Strong National/Credit Retail Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Corporate signed lease by Whataburger Restaurants, LLC • Over 9 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

$2,186,000 USD

PRICE/SF

$819 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger - DeSoto TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,499 SF

ZONING

PD

APN/PARCEL ID

200297000A0030000

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.