2159 Highway 36 S - Restaurant FOR SALE


Sealy, TX 77474
$6,930,000 USD
480-221-4221
2159 Highway 36 S, Sealy, TX for Sale
$6,930,000 USD
Restaurant - FOR SALE
1/4
null | 6% Cap Rate

2159 Highway 36 S
Sealy, TX 77474


HIGHLIGHTS

  • 9+ Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership
  • Across Brazos Village Shopping Center | Meyer St (24,000 VPD) |Frontage Visibility | Strong National/Credit Retailers Nearby
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Corporate signed lease by Whataburger Restaurants, LLC • 9+ years remaining with 3 (5-year) option periods to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and providing a hedge against inflation

FOR SALE DETAILS

PRICE

$6,930,000 USD

PRICE/SF

$2,038 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger | 9+yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,552 SF

ZONING

GC

APN/PARCEL ID

R000020324

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.