Restaurant in Texas

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Restaurant in Texas

990,000 $
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Total area: 233 m² Yield: 4.7% Built in 2005
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Features
  • Operating Incomе: 42,206 €
  • Land area: 2,550 m²
  • 1-floor building
  • Occupancy: 100%

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 objects

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

The town has an airport.

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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