3600 Olton Rd - Fast Food FOR SALE


Plainview, TX 79072
$2,600,000 USD
806-472-4855
3600 Olton Rd, Plainview, TX for Sale
$2,600,000 USD
Fast Food - FOR SALE
1/12
null | 4.62% Cap Rate

3600 Olton Rd
Plainview, TX 79072


HIGHLIGHTS

  • Only Whataburger Withing a 45-mile radius
  • 15-Year Primary Term + (3) 5-year Renewal Options
  • Prime Freeway Intersection
  • Brand New 2025 Construction
  • Corporate Credit- Absolute NNN Ground Lease
  • True Passive Income with No Maintenance, Taxes, or Insurance Obligations

OVERVIEW

Absolute NNN Ground Lease, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot. 10% rental increases every 5 years, including all option periods, offing long-term appreciation and a hedge against inflations. Strategically positioned near the intersection of Interstate 27 and US Route 70 (Olton Rd), benefiting from a combined traffic count of 34,836 vehicles per day.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$1,097 USD /SF

CAP RATE

4.62%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Whataburger

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

-

APN/PARCEL ID

22353

ASK ABOUT THIS PROPERTY

Michael GresbackGRACO Real Estate Development, Inc.More Info
806-472-4855

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Michael GresbackGRACO Real Estate Development, Inc.More Info
806-472-4855

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