1721 S Armstrong Ave - Restaurant FOR SALE


Denison, TX 75020
$1,080,000 USD
903-267-1573
1721 S Armstrong Ave, Denison, TX for Sale
$1,080,000 USD
Restaurant - FOR SALE
1/36
null | Request Cap Rate

1721 S Armstrong Ave
Denison, TX 75020


HIGHLIGHTS

  • Tenant in place paying $7,250/month until May of 2027.
  • Comes with adjacent parking lot totaling 50 parking spaces.
  • Located on Armstrong Ave (~6,000 vehicles per day) and less than two miles from US Highway 75 (~46,000 vehicles per day)

OVERVIEW

Great opportunity to own an income-producing building in the heart of Denison leased to Kickbacks restaurant. This building was completely renovated in 2021 and has a tenant in place paying $7,250 per month until May of 2027. The lively dining room and can seat over 60 guests. The outdoor patio can accommodate another 110+ guests, and has a stage that is fully equipped for live music. The building has a total of 50 parking spaces in the recently paved parking lots. Updates completed in 2021 include components such as: parking lot, roof, interior finish out, windows, floors, HVAC, plumbing, wiring, and three phase power. Kickback's Backyard is a highly rated Denison restaurant, boasting a 4.8 star rating on Google from over 350 reviews. Call today to schedule a showing and please do not disturb the tenants.

FOR SALE DETAILS

PRICE

$1,080,000 USD

PRICE/SF

$293 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kickback's Backyard

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

F1

APN/PARCEL ID

209544

ASK ABOUT THIS PROPERTY

Terrin BertholfBertholf Commercial Real EstateMore Info
903-267-1573

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Terrin BertholfBertholf Commercial Real EstateMore Info
903-267-1573

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