It is a fast-food restaurant investment in one of the small towns in Western Texas. Description
The total area of a single-storey building is 139 m².
The plot of 2,151 m².
The restaurant was constructed in 1975, renovated in 2003 and now is in good overall condition.
There is a huge parking.
The property is fully leased out to a major tenant.
Absolute income is 26,400 $.
The current yield of 5,5%.
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 until 2021. There is a 5% indexation of rental rate in 2017 and 10% in 2020.
All operating costs are borne by the tenant.
The property is situated on the retail corridor.
There is a high school nearby.