Restaurant in Texas

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Restaurant in Texas

700,000 $
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Total area: 271 m² Yield: 7.1% Built in 1970
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Features
  • Operating Incomе: 44,648 €
  • Land area: 1,254 m²
  • 1-floor building
  • 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 objects

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

Supermarkets
Schools
Cafe and restaurants
Hospitals
Airports
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Enquire about this restaurant
Irina Kunitsyna
Real Estate Expert Tranio in Texas
+44 20 3608 1267
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