1512 5th Ave - Restaurant FOR SALE


Canyon, TX 79015
$2,609,000 USD
214-957-7544
1512 5th Ave, Canyon, TX for Sale
$2,609,000 USD
Restaurant - FOR SALE
1/6
null | 7% Cap Rate

1512 5th Ave
Canyon, TX 79015


HIGHLIGHTS

  • 100% Occupied | NNN Leases | Scheduled Rental Increases
  • NNN Leases | Fee Simple Ownership | Minimal Landlord Responsibilities
  • West Texas A&M University | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The asset features a diverse tenant line-up, promoting crossover exposure to the site • All tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor • The leases include scheduled rental increases during the initial terms and option periods

FOR SALE DETAILS

PRICE

$2,609,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4-Tenant Strip | Near West TX A&M Univ

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

RC3

APN/PARCEL ID

R-005-7800-3720-0

ASK ABOUT THIS PROPERTY

Tyler IsbellSRS Real Estate PartnersMore Info
214-957-7544

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Tyler IsbellSRS Real Estate PartnersMore Info
214-957-7544

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