Available For Sale - Retail

7,820 SF | Show Pricing $

AVAILABILITY DETAILS

Size
7,820 SF
Price/SF
Show Pricing $
Listing ID
SA398553
Notes
"Cap Rate 6.75%

NOI $110,000

Building Size 7,820 sqft

Lot Area 1.514 acres

Lease Type Ground

Year Built 1997

Price Per Sqft $208.44

Roof & Structure Tenant's Responsibility

HVAC Tenant's Responsibility

Repairs & Maintenance Tenant's Responsibility



HIGHLIGHTS

Joe’s Crab Shack Has Over 4 Years Remaining on an Absolute Triple Net (NNN) Ground Lease With Three (3) Five (5) Year Option Periods

Next Rent Increase Takes Place in October 2020

Corporate (42-Unit Operator) Guarantee

Sits on a 1.514 Acre Site

Joe’s Crab Shack Has Been Operating at This Location Since 1997, Showing a Commitment to the Site

Located Directly in Front and Within Walking Distance of the AMC Southlake 24 Cinemas

Property is Located Off of I-75 Which Sees Over 114,200 VPD

Projected 5 Year Population Growth Rate of Over 10%

"
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Luke Wakefield, Sands Investment Group