Historical Retail Sale Listing - MAJESTIC FINE WINES & SPIRITS|Corp. 20YR NNN-Bumps

Retail For Sale

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MAJESTIC FINE WINES & SPIRITS|Corp. 20YR NNN-Bumps

NEC of Charles St. & Hebron Parkway, Hebron, TX 75093

Rep. Photo  Exterior

Rep. Photo Exterior

  • N/A
  • 12,000 SF
  • Retail
  • Free Standing Bldg
  • Net Lease Investment with 10+ years left on lease
  • 2.5%
  • 9%
  • 100%
  • 1
  • Single
  • 2010
  • 1.70 AC
Last Verified  11/25/2009 Listing ID  16423751

Highlights

  • 20-Year Absolute NNN Lease | 10% Rental Increases Every 5-Years
  • Corporate Lease: 48 TX Locations | Founded in 1942 | $148M Sales
  • Store Sales Expected $5M+ | Seasoned Management Team Nearly Doubled Sales 2006-2009 Company Wide
  • #2 Retail Beverage Store Chain in TX | #1 Avg. Sales Per Store in TX
  • Closest Off-Premise Liquor Option for Parts of N. Dallas, W. Plano, Carrollton, Willow Bend and Castle Hills
  • Avg. HH Income (1-Mile): $179,755 - Source: 2009 US Census

Description

EXP Realty Advisors, as exclusive agent, is pleased to present for sale a brand new single tenant Majestic Fine Wines & Spirits super store in Hebron, Texas.
The subject property consists of a +/- 12,000 SF stand alone building on approximately 1.7 acres and is strategically located at the northeast corner of Charles Street and Hebron Parkway providing direct access to neighboring cities which do not allow liquor sales. This offering gives investors the unique opportunity to own an investment property leased to a well established (recession proof) tenant for 20 years with rental increases and virtually no landlord responsibility.

Hebron, Texas is 4.1+/- square miles in southeastern Denton County, that is surrounded by the cities of Plano, Carrollton, Lewisville, The Colony and Frisco, as well as the unincorporated community of Castle Hills. The only city adjacent to Hebron that allows the sale of spirits is The Colony, on the northern border of Hebron. The other communities allow the sale of beer and wine. In May 2009, Precinct 2 of Denton County, in which Hebron resides, held a local option election to allow the sale of all alcohol, including spirits for off-premises consumption. Majestic has strategically purchased this site for a 12,000 SF super store on Charles Street at Hebron Parkway in Hebron, Texas. This location will be the closest package liquor store for many residents of West Plano, the Willow Bend area, Castle Hills, Carrollton, parts of Far North Dallas and other high-income communities. New residential communities are springing up in Hebron, and as the city continues to grow the store will serve the new residents.

Map of NEC of Charles St. & Hebron Parkway, Hebron, TX 75093 (Collin County)

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Created 10/7/2009