5209 W Park Blvd - Restaurant FOR SALE


Texarkana, TX 75501
$6,636,000 USD
949-506-2009
5209 W Park Blvd, Texarkana, TX for Sale
$6,636,000 USD
Restaurant - FOR SALE
1/9
null | 7% Cap Rate

5209 W Park Blvd
Texarkana, TX 75501


HIGHLIGHTS

  • 10 Years Remaining | Scheduled Rental Increases | Rapidly Growing Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Wadley Regional Medical Center Development (123 beds) | Center Mall (678,000 SF) | Dense Retail Corridor | Texarkana College (3,800 students)
  • Interstate 30 (77,000 VPD) | Excellent Visibility & Access
  • Strong Demographics in 5-Mile Trade Area | Direct Consumer Base

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Walk-On’s investment property located in Texarkana, Texas. The tenant currently has 10 years remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. With nearly 75+ restaurants in the U.S., Walk-On’s is accelerating its nationwide expansion – ranked #1 by Entrepreneur for Top New Franchise and consistently ranking in Top 500 lists for Restaurant Business, Entrepreneur, Franchise Times, and Nation’s Restaurant News.

FOR SALE DETAILS

PRICE

$6,636,000 USD

PRICE/SF

$597 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walk On's | 10 Yrs Remaining | Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

114

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

GC

APN/PARCEL ID

86381

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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