2503 E Hubbard St - Fast Food FOR SALE


Mineral Wells, TX 76067
$3,895,000 USD
480-221-4221
2503 E Hubbard St, Mineral Wells, TX for Sale
$3,895,000 USD
Fast Food - FOR SALE
1/3
null | 5.5% Cap Rate

2503 E Hubbard St
Mineral Wells, TX 76067


HIGHLIGHTS

  • 8+ Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership
  • Near Tractor Supply Co. Anchored Center | 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

$3,895,000 USD

PRICE/SF

$1,249 USD /SF

CAP RATE

5.5%

% 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

1989

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

-

APN/PARCEL ID

43330000

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.