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.
The subject property is a 16,640-square foot, two-tenant retail strip in Lindale, Texas. Tenants consist of Dollar Tree (58 percent of the gross leasable area) and Hibbett Sports (42 percent of the gross leasable area). Dollar Tree is a new, triple-net lease with five years on the primary term. Hibbett Sports is a new, gross lease with a 10-year term. Both tenants have three, five-year options for renewal. The building was constructed in 1982 and sits on 1.46 acres.
- 13 Year Term w Extensions - Major Growth Market-7th largest city in US Corporately Guaranteed by 7Eleven Inc - 5,000 SF Single Tenant NN Lease - Newly Renovated Construction - S&P AA (Investment Grade) STABLE International Chain- One of the world' s largest retailers
Marcus & Millichap is pleased to exclusively present for sale a CVS/Pharmacy located in Richardson, Texas, a part of the Dallas suburbs. The property is situated on approximately 1.58 acres with a gross leasable area (GLA) of 10,560 square feet. This CVS is located just north of Richland College and just south of the University of Texas at Dallas. The CVS is right by the Spring Valley Station which includes two of the main lines of the Dallas Area Rapid Transit' s Light Rail system, a popular option for local commuters to access Downtown Dallas. Major national retailers in direct proximity of the subject include a Walmart Supercenter, McDonald' s, Wendy' s, Bank of America, Kroger, and Chili' s, among others. A population of 148,329 people and 58,900 households within three miles places this CVS within the heart of a dense residential population. This property is located along Spring Valley Road with a Combined Average Daily Traffic Count of 43,982 Vehicles in 2014. This CVS features a three year rent holiday during the last three years of its lease. After that point, there are two of 10, five-year option periods where the rent is at 90 percent of the current rent.
Single Story, Free Standing Family Dollar located on a busy road in Houston. Property has 7 years 9 months remaining. NN Lease -- LL only responsible for roof and structure. Located on a block with low crime statistics. Excellent Investment Property.
MEAT MARKET/ BAKERY/ RESTRAUNT/ GROCERY STORE. THIS BUSINESS IS TURN KEY. OWNER IS RETIRING AFTER 40 SUCCESSFUL YEARS.
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.
CBRE is pleased to present the opportunity to acquire a single-tenant property, NNN leased to Party Chicken Cousins, LLC (franchisee), located at 5528 North Tarrant Parkway in Fort Worth, Texas. The new construction property totals 2,992 square feet, situated on 0.99 acres and is located on the southwest corner of the signalized intersection of North Tarrant Parkway and Parkwood Hill Boulevard with a combined traffic count of more than 28,000 vehicles per day. Denton Highway, one of Ft. Worth' s main thoroughfares, has a traffic count of over 45,000 vehicles per day. The property is surrounded by residential neighborhoods to the south, west and northwest, with retail outlets to the east.
Investment Grade Tenant The lease is guaranteed by O' Reilly Automotive (NASDAQ: ORLY, S&P: BBB), a Fortune 500 company, sells aftermarket automotive parts and accessories in over 4,400 stores in 43 states. As of March 2015, the company produced $7.39 billion in sales and $817 million in net income. New Construction New built to suit 6,800 SF O' Reilly Auto Parts building. 20-Year Lease Brand New Twenty Year Corporate NN Lease; Landlord responsible for structure and roof. Attractive Rent Increases Six percent (6%) rent increases beginning in year eleven and sixteen of initial lease terms and in each option period.
Investment Grade Tenant The lease is guaranteed by O' Reilly Automotive (NASDAQ: ORLY, S&P: BBB), a Fortune 500 company, sells aftermarket automotive parts and accessories in over 4,400 stores in 43 states. As of March 2015, the company produced $7.39 billion in sales and $817 million in net income. New Construction New built to suit 6,000 SF O' Reilly Auto Parts building 20-Year Lease Brand New Twenty Year Corporate NN Lease; Landlord responsible for structure and roof. Attractive Rent Increases Six percent (6%) rent increases beginning in year eleven and sixteen of initial lease terms and in each option period.