Restaurant in Texas

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Restaurant in Texas

700,000 $
2,583 $ /m²
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  • Total area
    271 m²
  • Yield
    7.1 %
  • Rental rate (m²/month)
    14 $
  • Built in 
    1970
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Details
Property parameters
  • Land area: 1,254 m²
  • 1-floor building
Financial performance
  • Annual income: 49,267 $
Tenants
  • Occupancy: 100 %

It is a fast-food restaurant investment in one of the small towns east of Lubbock, Texas.

Description

The total area of a single-storey building is 271 m².

The plot of 1,254 m².

The restaurant was constructed in 1970 and now is in good overall condition.

The property is fully leased out to a major tenant.

Financial performance

Absolute income is 49,720 $.

The current yield of 7,1%.

Tenants

The tenant is Dairy queen.

Dairy queen was founded in 1940 and now has more than 6,000 branches in 27 countries and constantly growing.

The NNN lease agreement is signed for 20 years until 2027 with extension options for 4x5 years. There is a 10% indexation of rental rate each 5 years.

All operating costs are borne by the tenant.

Location and nearby infrastructure

The property is situated in the main street in the center of town.

  • Property on the map
    Location right down to the building, street or city

Statistics in Texas

Price per m², $
3,730
Healthcare efficiency level
52
Index 52 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
46
Index 46 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, $
Apartment in the city centre, m² 3,729.82
Apartment in a bedroom community, m² 1,839.1
Transport Price, $
Public transport, 1 ride 1.32
Monthly travel card 39.72
Taxi, 1 km 1.15
Petrol, 1 l 1.69
Food Price, $
Water, 1.5 l 0.62
Milk, 1 l 1.28
White bread, 500 g 1.11
Eggs, a dozen 2.46
Chicken fillet, 1 kg 8.0
Education Price, $
Kindergarten, per month 270.35
International school, per year 20,965.66
Health care index
Staff competence 63.16
Medical equipment 54.17
Research accuracy and completeness 58.33
Attitude towards patients 56.94
Security index
Crime rate 60.74
The risk of being robbed 56.34
The risk of car theft 57.87
The risk of break-in and property damage 60.69

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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If this property wasn’t for you, take a look at other restaurants for sale in the USA.

You can see more restaurants for sale in Texas elsewhere on our website.

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Olga Starintseva
Olga Starintseva
Investment Consultant at Tranio
+44 17 4822 0039
  • Bank financing from 3% annually
  • Property, plot and construction site survey
  • Management company services
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