Available For Sale - Retail

2,944 SF | Show Pricing $

AVAILABILITY DETAILS

Size
2,944 SF
Price/SF
Show Pricing $
Listing ID
SA440129
Notes
INVESTMENT HIGHLIGHTS:

• Tenant has 16 locations in Houston, Austin, Dallas-Fort Worth, Atlanta,

Charlotte, Chicago, and are currently expanding

• No landlord responsibilities

• Dense infill site

• 89,4975 population in 3-mile radius

• High barriers of entry for restaurants and retailers

• Completely remodeled with new roof and mechanical systems in 2014

• Great access:

106’ frontage on Washington Avenue

106’ frontage on Lillian St

Ingress/egress access through front and rear of property



EXECUTIVE SUMMARY

Price $3,100,000

Annual Rent NOI $118,289

Rent Increases 2.5% annually

Absolute Net Lease 10 years with 5 years remaining

Lease Began November 1, 2014

Options Two, 5-Year

Building Size 2,944 SF, year built 1966, remodeled 2015

Lot Size .52 acres (22,821 SF
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
Kelly Hutchinson, Colliers International