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103 Carlos G Parker Blvd
Taylor, TX 76574 Far Northeast

$5,385,000

Freestanding For Sale  •  4,647 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 5,927 Sq Ft
  • Lot Size 1.27 ac
  • Building Class C
  • Year Built 2013
  • Cap Rate 6.50 %
  • Zoning B-1
0 Transit Score
40 Walk Score

Description

Applebee’s is strategically located near the hard corner intersection of Carlos G. Parker Boulevard and State Highway 95, averaging a combined 24,300 vehicles passing by daily. State Highway 95 is the primary commercial thoroughfare traveling through the city of Taylor. The subject property is an outparcel to a Walmart anchored shopping center, benefiting from crossover traffic. Additionally, the asset is directly across from H-E-B. Other nearby national/credit tenants including Tractor Supply Co., Advanced Auto Parts, Harbor Freight Tools, Aaron’s, Walgreens, Dollar Tree, and more, further increasing consumer draw to the trade area. The 5-mile trade area is supported by a population more than 17,000 residents and 8,000 employees. The 1-mile area has an average household income of $72,823.

Highlights

15-Year Sale Leaseback | Rental Increases | Options To Extend
20-Unit Division Of SSCP Management, Inc. |$37MM In Revenue Division
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Near Hard Corner Intersection | Primary Commercial Thoroughfare
Outparcel To Walmart Anchored Shopping Center | Directly Across From H-E-B

Financial Summary

Cap Rate: 6.50 %

Amenities

  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signalized Intersection
  • Monument Signage

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 92
Type: Surface
Included in Rent: Yes
Patrick Luther 949-698-1115 SRS National Net Lease Group
Patrick Luther 949-698-1115 SRS National Net Lease Group