High volume, single tenant IHOP Restaurant located at 2100 So. Western St. in Amarillo, Texas. The tenant has just extended their NNN lease to 15 years - demonstrating their long-term commitment to this location. Tenant is one of the largest IHOP operators with 67 units in Texas. The 3,800 SF freestanding building sits on 32,000 SF of land at So. Western St. near Interstate 40. This location has served this community for 15+ years. The tenant will be completing additional capital improvements to the Property in 2016.
The subject property consists of the ownership of improved land (42,913 square feet) occupied by a 4,396 square foot, full service, Casa Ole' Mexican Restaurant. The property is situated mid-block on the west side of North 16th Street. The property was originally developed in 1985. The original 20 year NNN lease commenced in 2004 as a Casa Ole' Mexican Restaurant (25 locations in 3 states) and currently has approximately 9+ years remaining, plus two (2) ten (10) year options to renew. There are annual rent increases of 1.5%. The lease is absolute NNN with no landlord responsibilities. Mexican Restaurants, Inc. is the lease guarantor and currently operates and franchises 57 restaurants, including 46 Company-operated restaurants, ten franchisee-operated restaurants and one licensed restaurant, in various communities across Texas, Louisiana and Oklahoma.
Fee simple interest in a strip center pad to Walmart Supercenter in booming oil and gas town, which draws shoppers from a 30-mile population radius of 50,000 residents.
Fully leased strip center: pad to Walmart supercenter with over 70% of the income stream backed by corporately guaranteed leases. Reimbursement clauses for all costs repairs, maintenance, replacements (including roof & structure), management fees, common area maintenance, and all other standard operating costs.
Freestanding, new Family Dollar in high-growth, high density area of Houston.
The subject property is a single-tenant, freestanding CVS/pharmacy drugstore located in Royse City, TX. It is situated at the four-way signalized corner of North Erby Campbell and Interstate 30 Frontage Road directly across the street from a new Walmart Supercenter and immediately off of Interstate 30. The building is a brand new state-of-the-art drugstore with a drive-thru pharmacy pick-up window. There are approximately 25-years remaining on the absolute net lease, with no landlord maintenance responsibilities whatsoever. The lease is corporately guaranteed by CVS Health Corporation (NYSE: CVS, S&P: BBB+/Stable, Moody' s: Baa1/Stable), a publicly-traded Fortune 500 Company (#12) with annual revenues exceeding $139 billion (2014) and a net worth in excess of $37.12 billion (Q2 2015).
Price Upon Req.74,891 SF
The subject property is a 74,891 square foot retail, freestanding (Theme/Festival Center) shopping center, located in San Antonio, Texas. The center has recent improvements including a new pylon signage with an LED reader board. The facing and awnings have been updated as well. The property, just off of Loop 410 and I-35 enjoys great visibility. The center is just two miles from Rackspace corporate headquarters and six miles from Fort Sam Houston and the Brooke Army Medical Center. Area retailers includes, Home Depot, Office Depot and Ross Dress For Less.
Price Upon Req.7,850 SF
AUCTION TIMELINETBD - Property tours conducted local time3/17/2016 - Indicative bid due date3/21/2016 - Notice provided to final round bidders3/25/2016 - $100,000 Refundable bidder deposit due to escrow4/13/2016 - Best and final auction date4/13/2016 - Purchase and sale agreement signed4/14/2016 - Non-refundable deposit posted to escrow5/15/2016 or TBD - Close of EscrowGreenbrier Center is an 84,569 SF retail strip center located in Houston, TX. The improvements were constructed in 1981 and consists of 22 inline suites. The subject has a strong occupancy history and is currently 92% occupied by a synergistic mix of national credit and regional retailers. The property is anchored by Food World, which is on a long term lease through 2022. The property has reciprocal easements with its separately owned outparcels, Advance Auto Parts and Shell, providing unimpeded traffic flow. In addition, the property also includes a separately platted half acre site adjacent to the Shell station on Imperial Valley which can be sold off or developed. The property is located just north of the Sam Houston Parkway at the signalized hard corner of Imperial Valley Drive and Greens Road in Houston, TX.
Price Upon Req.33,800 SF
Auction.com and JG West Retail LLC are pleased to offer for sale the Stewart Plaza, a 33,800-SF shopping center located north of the US/Mexico border in Mission, TX. The property is currently 84% occupied and provides opportunity to increase net operating income through the lease up of the existing three vacant suites totaling 5,280 SF. The property is currently leased to 13 inline tenants.The property is located along the Expressway 83 frontage road at Stewart Road and benefits from excellent visibility/accessibility from Expressway 83. It is the first retail center coming from the Anzaldua International Bridge and is situated to attract customers from both sides of the US/Mexico border, including travelers from Monterrey, which is the third-largest metropolitan area in Mexico.
Price Upon Req.14,496 SF
***Property tours are available by appointment. Please reach out to directly to Brad Kam to coordinate***Marketing DescriptionAuction.com and Net Realty Advisors are pleased to present the opportunity to acquire 4201 East Renner, a NN-leased Walgreens located at the corner of East Renner Road and North Star Road in Richardson, TX. The building was constructed in 2002 and is situated on 1.743 acres. There are over seven years remaining on the original lease term of 20 years, with (8) 5-year options to renew beginning 03/01/2023. Strong performing store, Projected 25% population growth within 1 mile over next 5 years. 20 year lease commenced 03/01/2003, Upgraded Austin Stone Building with drive thru. Richardson is home to The University of Texas at Dallas and DFW's Telecom Corridor, 5,000 businesses have operation in Richardson's 28 square miles, Including State Farm, At7t, Ericsson, Verizon, Cisco Systems, Samsung, MetroPCS, Texas Instruments, Qorvo, and Fujitsu. Average household income exceeds $94,000 and population exceeds 83,000 people within a 3 mile radius.