1918 Veterans Blvd - Restaurant FOR SALE


Del Rio, TX 78840
$2,571,400 USD
949-506-2009
1918 Veterans Blvd, Del Rio, TX for Sale
$2,571,400 USD
Restaurant - FOR SALE
1/9
null | 5.25% Cap Rate

1918 Veterans Blvd
Del Rio, TX 78840


HIGHLIGHTS

  • Corporate Signed Ground Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Highly Rated, Growing Brand | Strong Consumer Base
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Texas Roadhouse investment property located in Del Rio, Texas. The tenant, Texas Roadhouse has over 13 years of initial lease term remaining with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,571,400 USD

PRICE/SF

$324 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

New Texas Roadhouse | 13.5 Yrs NNN | $8MM AUV

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

159

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

C-2-A

APN/PARCEL ID

21348

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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