2053 Loop 11 - Fast Food FOR SALE


Wichita Falls, TX 76306- North Wichita Falls
$1,295,000 USD
949-270-8206
2053 Loop 11, Wichita Falls, TX for Sale
$1,295,000 USD
Fast Food - FOR SALE
1/7
null | 7% Cap Rate

2053 Loop 11
Wichita Falls, TX 76306
North Wichita Falls


HIGHLIGHTS

  • Over 10 Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strategic Highway Location | Drive-Thru Equipped |Excellent Visibility & Access
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Entity on the Lease is OK Restaurant Holdings, LLC, a 22-unit operator • Over 10 years of lease term remaining with 4 (5-year) option periods to extend • Lease features 10% rental increases every 5 years throughout the initial term and option periods, increasing NOI and hedging against inflation • Single-digit rent-to-sales ratio with positive EBITDA (contact agent for details)

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$420 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carl's Jr.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

GC

APN/PARCEL ID

2171 002 00

ASK ABOUT THIS PROPERTY

Parker WalterSRS National Net LeaseMore Info
949-270-8206

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Parker WalterSRS National Net LeaseMore Info
949-270-8206

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