4530 Highway 6 - Fast Food FOR SALE


Sugar Land, TX 77478- First Colony
$5,400,000 USD
480-221-4221
4530 Highway 6, Sugar Land, TX for Sale
$5,400,000 USD
Fast Food - FOR SALE
1/7
null | 4.68% Cap Rate

4530 Highway 6
Sugar Land, TX 77478
First Colony


HIGHLIGHTS

  • Over 11 Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership
  • First Colony Marketplace | Riverstone Shopping Center |Dense Retail Corridor
  • Strong Demographics In 5-Mile 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

$5,400,000 USD

PRICE/SF

$2,063 USD /SF

CAP RATE

4.68%

% 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

1993

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

B-2

APN/PARCEL ID

4762-02-000-0022-907

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.