405 S Bibb Ave - Freestanding FOR SALE


Eagle Pass, TX 78852
$1,709,000 USD
415-231-5231
405 S Bibb Ave, Eagle Pass, TX for Sale
$1,709,000 USD
Freestanding - FOR SALE
1/8
null | 6.5% Cap Rate

405 S Bibb Ave
Eagle Pass, TX 78852


HIGHLIGHTS

  • Freanchise Guaranteed Lease (350+ Unit Operator) | Scheduled Rental Increases
  • NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
  • Mall De Las Aguilas | Primary Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Ayvaz Pizza, LLC (350+ Unit Operator) franchisee guaranteed lease • The tenant, Pizza Hut, has 5-years remaining in their first option period with 1 (5-year) option periods to extend, demonstrating their commitment to the site • The lease features 10% rental increase at the beggining of the option period • The asset boasts a strong sales-to-rent ratio of 4.40%, indicating attractive income to its purchase price

FOR SALE DETAILS

PRICE

$1,709,000 USD

PRICE/SF

$254 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut | NNN w/ Increases | DriveThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

B2

APN/PARCEL ID

4947

ASK ABOUT THIS PROPERTY

Jeff GatesSRS Real Estate PartnersMore Info
415-231-5231

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Jeff GatesSRS Real Estate PartnersMore Info
415-231-5231

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