Burger King Triple Net (NNN) SLB Investment Opportunity 2402 South 1st Street, Lufkin, TX Crown Colony (Lufkin, Texas, US ) Built

$1,530,435 MXN
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 2,303 sq. ft.
  • Development Level: Built
  • Lot Size: 1 acres
  • Year Built: 2006

Description

Burger King Triple Net (NNN) SLB Investment Opportunity 2402 South 1st Street, Lufkin, TX Cap Rate 5.75%

Cap Rate: 5.75%
NOI: $88,000
Building Size: 2,303 sqft
Lot Area: 1 acres
Lease Type: Triple Net
Year Built: 2006
Price Per Sqft: $664.54
Roof & Structure: Tenant’s Responsibility
Repairs, Maintenance, HVAC & Utilities: Tenant’s Responsibility
Property Taxes, Insurance & Common Area: Tenant’s Responsibility

Price: $1,530,435 USD

DESCRIPTION
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,303 SF Burger King Located at 2402 S 1st Street in Lufkin, TX. With a 20-Year Triple Net (NNN) Lease and Attractive Rent Increases, This Opportunity Provides a Secure Investment With Income Growth of an Established Tenant.

HIGHLIGHTS
• New 20-Year Triple Net (NNN) Lease to Begin at the Close of Escrow
• High Performing Store With a Rent-to-Sales Ratio Under 7%
• Veteran Franchisee With Years of Experience and Over 18 Units in Operation
• 8% Rent Increases Every 5 Years Starting in Year 10
• Over 36,000 VPS Along South 1st Street
• Situated Across From Walmart Supercenter and Sam’s Club
• Half-Mile North From Angelina College With Over 6,100 Students and Faculty
• Surrounded By Several Apartment Complexes Providing Ample Foot Traffic
• Lufkin is Situated in Deep East Texas Next to the Davy Crockett National Forest and is 120 Miles Northeast of Houston
• Nearby Tenants Include: Taco Bueno, Cracker Barrel, Golden Corral, Cavender’s Boot City, UPS Customer Center, Burlington, Belk, Hobby Lobby, Academy Sports+ Outdoors and
Dollar Tree
• Tenant Has a Mandated Remodel in Year 6 With the One Time Right to Receive a Tenant Improvement Allowance From the Landlord.

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

P2#442687783
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Information is deemed to be correct but not guaranteed.