868 NE Alsbury Blvd - Restaurant FOR SALE


Burleson, TX 76028
$2,766,000 USD
714-404-8849
868 NE Alsbury Blvd, Burleson, TX for Sale
$2,766,000 USD
Restaurant - FOR SALE
1/6
null | 5.25% Cap Rate

868 NE Alsbury Blvd
Burleson, TX 76028


HIGHLIGHTS

  • 15 Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Across From Burleson Town Center | Gateway Station
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• New, 15-year lease with 4 (5-year) option periods to extend • The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI while providing a hedge against inflation

FOR SALE DETAILS

PRICE

$2,766,000 USD

PRICE/SF

$772 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Denny's | Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,782 SF

ZONING

Commercial

APN/PARCEL ID

06279333

ASK ABOUT THIS PROPERTY

Matthew MousaviSRS National Net LeaseMore Info
714-404-8849

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Matthew MousaviSRS National Net LeaseMore Info
714-404-8849

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