3325 Lamar Ave - Fast Food FOR SALE


Paris, TX 75460
$3,100,000 USD
480-221-4221
3325 Lamar Ave, Paris, TX for Sale
$3,100,000 USD
Fast Food - FOR SALE
1/4
null | 4.71% Cap Rate

3325 Lamar Ave
Paris, TX 75460


HIGHLIGHTS

  • Over 11 Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership
  • Paris Towne Center | High Traffic Intersection | Dense Retail Corridor
  • Strong Demographics In The Immediate Trade Area

OVERVIEW

• The tenant has over 11 years remaining on its lease with 3 (5-year) options to extend • Corporate signed lease by Whataburger Restaurants, LLC • Features 10% rental increases every 5 years throughout the initial lease term and at the beginning of each option period, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$994 USD /SF

CAP RATE

4.71%

% 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

1999

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

PD - Planned Development

APN/PARCEL ID

18563

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.