Restaurant For Sale • 6,324 SF
| The property features a brand new 10-year lease term upon closing, providing an investor with long-term passive cash flow. |
| This is an Absolute Triple Net (NNN) Lease where the landlord has zero responsibilities. Offering a hands off investment for a passive owner. |
| The tenant has invested approximately $500,000 in renovations, demonstrating a strong commitment to this location and its long-term success. |
| The lease features 10% rental increases every five years, providing a strong hedge against inflation and consistent growth in returns. |
| DAM-A Korean Hotpot & BBQ is part of the rapidly expanding Korean BBQ and hot pot dining segment. |
| Austin is consistently ranked as one of the fastest-growing metropolitan areas in the United States, with a booming economy. |
| Cap Rate: | 7.00 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Dam-a Korean Hotpot & Bbq | 6,324 SF |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Austin (Texas Eagle - Amtrak) | 12 min | - | 6.5 mi |
| Transit/Subway | Drive | Walk | Distance |
| Highland Station (550-Metro Rail Red Line - Capital Metro) | 1 min | 14 min | 0.7 mi |
| Airport | Drive | Walk | Distance |
| Austin-Bergstrom International | 27 min | - | 14.2 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 50 |
| Type: | Surface |
| Included in Rent: | Yes |