2440 Presidential Pky - Fast Food FOR SALE


Midlothian, TX 76065
$2,400,000 USD
480-221-4221
2440 Presidential Pky, Midlothian, TX for Sale
$2,400,000 USD
Fast Food - FOR SALE
1/8
null | 4.64% Cap Rate

2440 Presidential Pky
Midlothian, TX 76065


HIGHLIGHTS

  • 13+ Years Remaining | Scheduled Rental Increases | Options to Extend
  • Absolute NNN | Fee Simple Ownership
  • Hard Corner Intersection | Dense Retail Corridor | Methodist Midlothian Medical Center (46 beds)
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Income

OVERVIEW

• The tenant currently has 13+ years remaining on their initial lease with 3 (5-year) options to extend • The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$759 USD /SF

CAP RATE

4.64%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

Commercial

APN/PARCEL ID

54.9143.901.001.00.108

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.