Hooters Absolute Corporate NNN Lease 6028 Heards Lane, Galveston, TX Cap Rate 5.6% Galveston (Celina, Texas, US ) Built
$3,750,000
USD
Dollars
BAI-MEX Bienes Raíces y Negocios
bai -mex
+528115997536 (Cell)
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bai -mex
+528115997536 (Cell)
Request More Info
- Type: Commercial
- Style: Commercial
- Size: 9,926 sq. ft.
- Development Level: Built
- Lot Size: 1.69 acres
- Year Built: 2017
Description
Hooters Absolute Corporate NNN Lease 6028 Heards Lane, Galveston, TX Cap Rate 5.6%
Cap Rate: 5.6%
NOI: $210,000
Cash-on-Cash: 5.6%
Pro Forma Cap Rate: 5.6%
Building Size: 9,926 sqft
Lot Area: 1.69 acres
Occupancy: 100%
Lease Type: Absolute Net
Tenancy: Single
Year Last Renovated: 2017
Gross Leaseable Area: 9926
Investment Strategy: Core Plus
Lease Expire Year: 04/30/2037
DESCRIPTION
In November 2017 Hooters opened the a new location in the popular coastal resort town of Galveston, Texas. The new Hooters was its 49th location in the Lone Star State. Overlooking the Offatts Bayou inlet, the restaurant offers guests front row seats to cheer on their favorite sports teams while enjoying Hooters original and smoked chicken wings.
The newer 9,926-sqaure foot venue is conveniently located at 6028 Heards Lane in Galveston, and features an 852-square foot indoor/outdoor patio with bar, as well as a beautiful outdoor seating area on the water. In addition, themed tables and artist murals highlighting Galveston’s distinct beauty and connection to the water can be seen throughout the new location.
As the 49th Hooters in the state, their waterfront Galveston location is a shining example of the long-established Hooters legacy right there in Texas. The contemporary Hooters of Galveston incorporates the latest design features that deliver the familiar, fun-loving persona of the Hooters brand. From a centrally located bar featuring 32 draught beers and a wide array of cocktails and craft beers to Hooters craveable menu options, including fresh entrée salads, a great lineup of hand-formed burgers, delicious seafood dishes and fan-favorite fried pickles, Hooters is the perfect destination for just about any occasion that calls for great food and fun.
HIGHLIGHTS
• Trophy Waterfront location overlooking Offatts Bayou.
• Absolute Corporate NNN lease.
• Appx. 17 years remaining plus 4 five year options to renew.
• 8.5% rent increases every 5 years with next increase 5/1/2022.
• Complete corporate remodel with exterior and interior down to the studs.
• Large 9,926 s.f. building on 1.69 acres corner, signalized location.
For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.
Cap Rate: 5.6%
NOI: $210,000
Cash-on-Cash: 5.6%
Pro Forma Cap Rate: 5.6%
Building Size: 9,926 sqft
Lot Area: 1.69 acres
Occupancy: 100%
Lease Type: Absolute Net
Tenancy: Single
Year Last Renovated: 2017
Gross Leaseable Area: 9926
Investment Strategy: Core Plus
Lease Expire Year: 04/30/2037
DESCRIPTION
In November 2017 Hooters opened the a new location in the popular coastal resort town of Galveston, Texas. The new Hooters was its 49th location in the Lone Star State. Overlooking the Offatts Bayou inlet, the restaurant offers guests front row seats to cheer on their favorite sports teams while enjoying Hooters original and smoked chicken wings.
The newer 9,926-sqaure foot venue is conveniently located at 6028 Heards Lane in Galveston, and features an 852-square foot indoor/outdoor patio with bar, as well as a beautiful outdoor seating area on the water. In addition, themed tables and artist murals highlighting Galveston’s distinct beauty and connection to the water can be seen throughout the new location.
As the 49th Hooters in the state, their waterfront Galveston location is a shining example of the long-established Hooters legacy right there in Texas. The contemporary Hooters of Galveston incorporates the latest design features that deliver the familiar, fun-loving persona of the Hooters brand. From a centrally located bar featuring 32 draught beers and a wide array of cocktails and craft beers to Hooters craveable menu options, including fresh entrée salads, a great lineup of hand-formed burgers, delicious seafood dishes and fan-favorite fried pickles, Hooters is the perfect destination for just about any occasion that calls for great food and fun.
HIGHLIGHTS
• Trophy Waterfront location overlooking Offatts Bayou.
• Absolute Corporate NNN lease.
• Appx. 17 years remaining plus 4 five year options to renew.
• 8.5% rent increases every 5 years with next increase 5/1/2022.
• Complete corporate remodel with exterior and interior down to the studs.
• Large 9,926 s.f. building on 1.69 acres corner, signalized location.
For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.
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P2#442482758
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Information is deemed to be correct but not guaranteed.