506 W Interstate 30 - Fast Food FOR SALE


Royse City, TX 75189
$3,200,000 USD
602-703-3133
506 W Interstate 30, Royse City, TX for Sale
$3,200,000 USD
Fast Food - FOR SALE
1/5
null | 5.16% Cap Rate

506 W Interstate 30
Royse City, TX 75189


HIGHLIGHTS

  • New 15-year absolute net lease offering a stable, long-term investment with reliable income.
  • Attractive 10% rental escalations are built into the lease, occurring every five years throughout both the primary term and the option periods.
  • This property boasts a prime hard corner freeway location as a pad site to a Walmart Supercenter, with high daily vehicle traffic counts.

OVERVIEW

Kidder Mathews is pleased to present an exceptional opportunity to acquire a fully leased Ono Hawaiian BBQ property in Royse City, Texas. This freestanding building spans 2,629 square feet and is situated on approximately 0.97 acres of land. The absolute NNN lease agreement features a 15-year lease term, 10% rental increases every five years during the initial term and the 4, 5-year option periods.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$1,217 USD /SF

CAP RATE

5.16%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ono Hawaiian BBQ

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,066 SF

ZONING

Commercial

APN/PARCEL ID

87740

ASK ABOUT THIS PROPERTY

Jenette Bennett, CCIMKidder MathewsMore Info
602-703-3133

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Jenette Bennett, CCIMKidder MathewsMore Info
602-703-3133

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