Sonic Single Tenant Net Leased Restaurant 9846 Interstate 20, Merkel, TX Cap Rate 7.35% Merkel ( Texas, US ) Built

$1,141,680 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 1,538 sq. ft.
  • Development Level: Built
  • Lot Size: 0.57 acres
  • Year Built: 2009

Description

Sonic Single Tenant Net Leased Restaurant 9846 Interstate 20, Merkel, TX Cap Rate 7.35%

Cap Rate: 7.35%
NOI: $83,913.50
Building Size: 1,538 sqft
Lot Area: 0.57 acres
Lease Type: Triple Net
Year Built: 2009

DESCRIPTION
Colliers International is pleased to present for sale a single tenant, net leased, Sonic restaurant located at 9846 Interstate 20 Merkel, TX 79536. The subject property sits in front of a grocery store and gas station with great visibility from I-20. The location is directly off I-20 and is the first restaurant you come to. Merkel is part of the Abilene MSA.

The tenant operates under a NNN lease with 5.8 years remaining on the original term. The new lease contains four (4), five (5) year renewal options and features 10% rent increases every five years. This is a true NNN lease structure with zero landlord responsibilities. This investment opportunity is being offered for sale at $1,141,680 a net operating income of $83,913.50 and a corresponding cap rate of 7.35%.

HIGHLIGHTS
• Directly off Major Interstate
• Near High School
• Large proven Operator
• Brand new Store Prototype
• Sits in front of Grocery Store
• Great Highway Visibility

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#442998997
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Information is deemed to be correct but not guaranteed.