Red Lobster Absolute Triple-Net (NNN) Lease 1075 Fm 802, Brownsville, TX Cap Rate 5.85% Brownsville ( Texas, US ) Built

$3,822,752 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

bai -mex bai -mex +528115997536 (Cell) Request More Info

  • Type: Commercial
  • Style: Commercial
  • Size: 8,127 sq. ft.
  • Development Level: Built
  • Lot Size: 1.27 acres
  • Year Built: 2013

Description

Red Lobster Absolute Triple-Net (NNN) Lease 1075 Fm 802, Brownsville, TX Cap Rate 5.85%

DESCRIPTION

Pleased to present an opportunity to purchase Red Lobster located at 1075 FM 802 in Brownsville, Texas. The property is 8,127 square feet and is situated on approximately1.27 acres of land.

This Red Lobster is subject to a 25-year triple-net (NNN) lease, with roughly 21.5 years remaining on the lease. July 2018 annual rent is $223,631 The rent is scheduled to increase by two percent annually, including through the four, five-year tenant renewal options.

Cap Rate 5.85%
NOI $223,631
Building Size 8,127 sqft
Lot Area 1.27 acres
Lease TypeAbsolute Net
Year Built2013
Price: $3,822,752 USD

HIGHLIGHTS
• This Red Lobster is subject to a brand new 25-year absolute triple-net (NNN) lease, with 21.5 years remaining.
• The lease is subject to a corporate guarantee, adding additional security throughout the term of the lease, through 704 corporate locations.
• The rent will increase by two percent annually, including through the four, five-year tenant renewal options, providing investors with a strong inflation hedge.
• Building Size 8,127 sq ft / Lot Size 1.27 acres
• Brownsville is a Major Economic Hub in South Texas

For more information
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.