3300 E Main St - Restaurant FOR SALE


Alice, TX 78332
$2,304,000 USD
949-221-1803
3300 E Main St, Alice, TX for Sale
$2,304,000 USD
Restaurant - FOR SALE
1/5
null | 6.25% Cap Rate

3300 E Main St
Alice, TX 78332


HIGHLIGHTS

  • Absolute Net Lease - No Landlord Responsibilities
  • 10% rental increases every 5 years | Large 1.22 acre parcel
  • Long-term lease with multiple renewal options to extend lease term and historical occupancy
  • Adjacent to Walmart Supercenter-anchored center | Naval Air Station Kingsville: 23 miles south of subject property
  • Famous King Ranch: 20 miles south of subject property
  • NALF Orange Grove Airport (U.S. Naval Airfield): 15 miles north of subject property

OVERVIEW

Texas Broker of Record... BRUCE FRANKEL ... TREC RE License: 9000477 Faris Lee Investments is pleased to present the opportunity to acquire the fee simple interest in an Absolute NNN-leased, 1.22-acre IHOP investment property in Texas. The absolute net lease structure ensures zero landlord responsibilities, with 10% rental increases every five years providing a natural hedge against inflation and boosting return on investment. The lease is backed by a rare personal guaranty from a legacy IHOP operator, which ensures lasting income security. The IHOP operator at this location is a seasoned multi-unit franchisee with over 30 years of success and 37+ restaurant locations across Texas. Nearby community drivers include King Ranch, Naval Air Station Kingsville, and NALF Orange Grove.

FOR SALE DETAILS

PRICE

$2,304,000 USD

PRICE/SF

$533 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

IHOP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

84

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

Commercial

APN/PARCEL ID

11772-001-000-00

ASK ABOUT THIS PROPERTY

Tyler StraussFaris Lee InvestmentsMore Info
949-221-1803

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Tyler StraussFaris Lee InvestmentsMore Info
949-221-1803

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.