Restaurant in Texas

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Restaurant in Texas

$990,000
$4,248 /m²
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  • Total area
    233 m²
  • Yield
    4.7%
  • Built in 
    2005
Details
Property parameters
  • Land area: 2,550 m²
  • 1-floor building
Financial performance
  • Annual income: $45,696
Tenants
  • Fully let

It is a fast-food restaurant investment in one of the towns in Southern Texas.

Description

The total area of a single-storey building is 233 m².

The plot of 2,550 m².

The restaurant was constructed in 2005 and now is in good overall condition.

The property is fully leased out to a major tenant.

Financial performance

Absolute income is 47,000 $.

The current yield of 4,7%.

Tenants

The tenant is Jack in the Box.

Jack in the Box was founded in 1951 and now has more than 2,000 branches in 21 states. The annual revenue exceeds $ 2 billion.

The NNN lease agreement is signed until 2026.

All operating costs are borne by the tenant.

Location and nearby infrastructure

The property is situated on a strong retail corridor in the neighborhood with other national tenants.

The town has an airport.

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If this ad doesn't suit you, have a look at the other restaurants for sale in Texas.

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