305 W Commerce St - Fast Food FOR SALE
Brownwood, TX 76801 |
$2,909,095 USD
262-309-4900
305 W Commerce St
Brownwood, TX 76801
HIGHLIGHTS
- New Development Freddy's Frozen Custard & Steakburgers & Billboard
- 20-Year Absolute NNN Lease With Zero Landlord Responsibilities
- 7.5% Rental Increase Every 5 Years That Occurs Throughout Current Term and Options
- Outparcel to Walmart Supercenter and Situated Around National Retailers, Apartments, and Schools Generating Additional Traffic to the Area
- 24,000+ 5 Mile Population – Surrounded by Residential Properties With Strong Built-In Customer Base
- Strong Franchise Guaranty by Ram-Z Restaurant Group, With all 67 Units Backing the Lease
OVERVIEW
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Freddy’s Frozen Custard & Steakburgers in Brownwood, TX. The subject property is a new development and has a strong franchise guaranty by Ram-Z Restaurant Group. It is an outparcel to Walmart and is situated around national retailers.
Includes a $10,000/yr billboard rent in addition to Freddy’s rent, refer to rent schedule.
FOR SALE DETAILS
PRICE
$2,909,095 USD
PRICE/SF
$1,210 USD /SF
CAP RATE
5.84%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Freddy's Frozen Custard & Steakburgers
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1987
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.6 AC
LAND SF
26,136 SF
ZONING
-
APN/PARCEL ID
54541
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262-309-4900
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Please correct the highlighted field(s).
262-309-4900
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