1179 E Main St - Fast Food FOR SALE


Alice, TX 78332
$2,123,009 USD
361-603-3082
1179 E Main St, Alice, TX for Sale
$2,123,009 USD
Fast Food - FOR SALE
1/30
null | 5.85% Cap Rate

1179 E Main St
Alice, TX 78332


HIGHLIGHTS

  • 1179 E Main Street, Alice, Texas, is a 2,608-square-foot freestanding fast-food restaurant equipped with a drive-thru and leased to Dairy Queen.
  • Sale-leaseback on a 20-year absolute NNN lease with no landlord responsibilities, experienced Dairy Queen franchisee with 30+ years of success.
  • Situated on 0.61 acres on a bustling commercial corridor providing traffic counts of around 20,000 vehicles per day.
  • Supported by a growing population base as the number of residents within a 3-mile radius rose by 12.8% from 2020 to 2024.
  • Conveniently located near the city’s largest employers, including Dixie Iron Works, Forbes Energy, Christus Spohn Hospital, and several local schools.
  • This Dairy Queen is one of three locations available; investors have the flexibility to acquire a single property, a combination of two, or all three.

OVERVIEW

This Dairy Queen at 1179 E Main Street in Alice, Texas, presents a stable, long-term national tenant sale-leaseback investment in a high-traffic commercial corridor. The 2,608-square-foot building sits on a 0.61-acre lot with excellent visibility along East Main Street, benefiting from steady customer traffic. The sale-leaseback will be secured by a 20-year absolute NNN lease, offering truly passive income with zero landlord responsibilities. The assured 5.85% cap rate and a lease guaranteed by an experienced franchisee with over 30 years of operational success, combined with a prime location in an established commercial node, make this an attractive addition to any portfolio. Alice is a prominent South Texas economic hub largely supported by the oil and gas industry, healthcare, and education, providing a strong income base. 1179 E Main Street is located near the heart of Alice and is along the city’s primary retail corridor, poising it to maximize exposure to these consumers. Historic Downtown Alice, H-E-B, Dollar General, AutoZone, Starbucks, Rent-A-Center, and over a dozen restaurants are within a mile along East Main Street, acting as co-traffic drivers to bring in a diverse array of visitors. Demographic data indicates a growing population as well, further cementing this as a premier long-term investment opportunity. Inquire now to learn more.

FOR SALE DETAILS

PRICE

$2,123,009 USD

PRICE/SF

$818 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dairy Queen

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

C

APN/PARCEL ID

12850-077-000-00

ASK ABOUT THIS PROPERTY

David LozanoF&P DevelopmentMore Info
361-603-3082

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David LozanoF&P DevelopmentMore Info
361-603-3082

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.