Restaurant in Texas

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Restaurant in Texas

2,286,000 $
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Total area: 148 m² Yield: 5.5% Built in 1998
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Features
  • Operating Incomе: 112,950 €
  • Land area: 2,925 m²
  • 1-floor building
  • Occupancy: 100%

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

Description

The total area of a single-storey building is 148 m². 

The plot of 2,925 m². 

The restaurant was constructed in 1998 and now is in good overall condition. 

The property is fully leased out to a major tenant.

Financial performance

Absolute income is 125,779 $.

The current yield of 5,5%.

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 2021.

All operating costs are borne by the tenant.

Location and nearby objects

The property is situated on the retail corridor near the other national retailers.

There is a federal highway along, the daily traffic through which exceeds 65,000 vehicles.

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