Restaurant in Texas

Photos available on request

Restaurant in Texas

700,000 $
Send a request
Total area: 271 m² Yield: 7.1% Built in 1970
Send a request
Features
  • Absolute return: 44,648 €
  • Land area: 1,254 m²
  • 1-floor building
  • Percentage of the rented area: 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.

supermarket-icon
Supermarkets
school-icon
Schools
cafe-icon
Cafe and restaurants
hospital-icon
Hospitals
airport-icon
Airports
Reset

More properties

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

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

Similar listings

We select ads that may interest you.

Enquire about this restaurant
Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Send a request
    When you submit a request, you agree to our terms and conditions
    Send one more request
    • Bank financing from 3% annually
    • Construction site audits
    • Management company services