2900 Lamar Avenue Ave - Freestanding FOR SALE


Paris, TX 75460
$1,620,000 USD
480-221-4221
2900 Lamar Avenue Ave, Paris, TX for Sale
$1,620,000 USD
Freestanding - FOR SALE
1/7
null | 6.3% Cap Rate

2900 Lamar Avenue Ave
Paris, TX 75460


HIGHLIGHTS

  • Brand New 10-Year Lease | New Construction | Scheduled Rental Increases | Popular & Growing Concept
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Paris Towne Center (300,000 SF Community Center) | Strong National/Credit Tenants | Dense Retail Trade Area
  • Located Along Arterial Thoroughfare | Heavily Traveled Corridor | Located Among Multiple Apartment Complexes
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru equipped, freestanding HTeaO investment property located in Paris, Texas. The tenant recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features an approximate 6% rental increase during the initial term and 10% rental increases 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. HTeaO is a growing and popular beverage company with over 125 locations. The site features brand-new construction with state-of-the-art amenities and a modern design.

FOR SALE DETAILS

PRICE

$1,620,000 USD

PRICE/SF

$749 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HTeaO | New 10yr Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

General Commercial

APN/PARCEL ID

402602

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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