1325 US Highway 377 - Fast Food FOR SALE


Roanoke, TX 76262
$2,675,000 USD
602-687-6698
1325 US Highway 377, Roanoke, TX for Sale
$2,675,000 USD
Fast Food - FOR SALE
1/5
null | 5.61% Cap Rate

1325 US Highway 377
Roanoke, TX 76262


HIGHLIGHTS

  • 7.5+ Years Remaining on Lease Term with Corporate Guarantee
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • Property Recently Underwent Renovations in 2022
  • Est. 70,000 Residents in a 5-Mile Radius within the Fort Worth Metro
  • Household and Population Projected to Grow 13% within the Next 5 Years
  • Average Household Income Exceeds $170,000 within a 5-Mile Radius

OVERVIEW

MOD Pizza is an American chain of restaurants, headquartered in Seattle, Washington. MOD Pizza operates, franchises, and/or licenses more than 560 stores in the United States, Canada, and the United Kingdom. Fort Worth is expected to record population gains over the next five years that notably exceed the national rate, driving demand for housing. The Greater Fort Worth Area is home to several higher education institutions, including the University of Texas at Arlington and Texas Christian University, which supply an educated labor force.

FOR SALE DETAILS

PRICE

$2,675,000 USD

PRICE/SF

$1,036 USD /SF

CAP RATE

5.61%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MOD Pizza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

Commercial

APN/PARCEL ID

R675816

ASK ABOUT THIS PROPERTY

Brennan CleggMarcus & MillichapMore Info
602-687-6698

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Brennan CleggMarcus & MillichapMore Info
602-687-6698

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