321 Us Highway 181 - Fast Food FOR SALE


Taft, TX 78390
$1,946,000 USD
480-221-4221
321 Us Highway 181, Taft, TX for Sale
$1,946,000 USD
Fast Food - FOR SALE
1/4
null | 5% Cap Rate

321 Us Highway 181
Taft, TX 78390


HIGHLIGHTS

  • 10+ Years Remaining | Scheduled Rental Increases | Options to Extend
  • Absolute NNN | Fee Simple Ownership
  • Located Along Hwy 181 | Nearby National/Credit Tenant |Traft Highschool & Traft Junior Highschool
  • Demographics in 5-Mile Trade Area

OVERVIEW

• The tenant currently has 10+ years remaining on their initial lease term 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

$1,946,000 USD

PRICE/SF

$1,329 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger - Taft TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,985 SF

ZONING

C

APN/PARCEL ID

1853-0049-0015-002

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.