3549 Catclaw Dr - Restaurant FOR SALE


Abilene, TX 79606
$3,307,692 USD
925-348-1844
3549 Catclaw Dr, Abilene, TX for Sale
$3,307,692 USD
Restaurant - FOR SALE
1/1
null | 6.5% Cap Rate

3549 Catclaw Dr
Abilene, TX 79606


HIGHLIGHTS

  • New 15 year absolute NNN lease
  • Zero landlord obligations
  • Corporate guarantee
  • Tax free income state
  • Prime location within Abilene's main retail corridor
  • Heavy traffic counts - 105,108 VPD from combined nearby roads

OVERVIEW

The Kase Group is pleased to present the opportunity to purchase well established Red Robin location in Abilene, Texas with a new 15 year absolute NNN lease. The recently extended lease calls for zero landlord obligations and is corporately guaranteed by Red Robin. There are 10% increases every 5 years throughout the initial term and options, and four 5-year renewal options. The building sits outparcel to the Shops at Abilene, a dominant regional power center anchored by Ross, PetSmart, Old Navy and TJ Maxx. The asset benefits from nearby traffic counts of 21,838 VPD along Catclaw Dr, 24,270 VPD along Southwest Dr and nearby U.S. Route 83, which carries over 59,000 VPD. The location is 6 miles from Dyess Air Force Base and 10 miles from Downtown Abilene. Surrounding tenants include The Home Depot, Walmart Super Center, Burlington, Dollar Tree, Five Below, Wendy's, Mattress Firm, The UPS Store, Dollar General, Chick-fil-A, Denny's and more.

FOR SALE DETAILS

PRICE

$3,307,692 USD

PRICE/SF

$496 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New 15 Year Absolute NNN Leased Red Robin

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,535 SF

ZONING

C-3

APN/PARCEL ID

969241

ASK ABOUT THIS PROPERTY

Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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