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