3200 Kyle Xing - Movie Theatre FOR SALE


Kyle, TX 78640- Buda-Kyle
$19,680,000 USD
480-221-4221
3200 Kyle Xing, Kyle, TX for Sale
$19,680,000 USD
Movie Theatre - FOR SALE
1/10
null | 7.5% Cap Rate

3200 Kyle Xing
Kyle, TX 78640
Buda-Kyle


HIGHLIGHTS

  • 8 Years Remaining | Options To Extend | Scheduled Rental Increases
  • NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Dry River District | Kyle Crossing | Dense Retail Corridor
  • Healthy Financial Performance | Personal Guarantor |Multiple Streams of Revenue
  • Elevate Entertainment Group | Growing Brand
  • Strong Demographics In The Immediate Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, EVO Entertainment investment property located in Kyle, Texas. The tenant, EVO Entertainment has approximately 8 years of initial term and 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. The location features positive store level EBITDA and strong sales (Contact Agent for Details) and the lease is personally guaranteed by an operator with extensive experience in the entertainment industry.

FOR SALE DETAILS

PRICE

$19,680,000 USD

PRICE/SF

$262 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

EVO Entertainment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Movie Theatre

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

408

LAND DETAILS

LAND ACRES

12.2 AC

LAND SF

531,432 SF

ZONING

RS

APN/PARCEL ID

R143304

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 Policy.