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Golden Chick 1210 Lamar Ave 2,685 SF Retail Building Paris, TX 75460 $925,000 ($344.51/SF) 7.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Built-In Rent Growth
- High-Visibility Retail Corridor Location
- Proximity to Education, Healthcare & Community Anchors
- Strong Performing National Restaurant Tenant
- Regional Economic Hub With Stable Employment Base
- Passive, Low-Management Investment
EXECUTIVE SUMMARY
The property is secured by a 20-year absolute net lease with approximately 15 years remaining, plus three (3) five-year renewal options, providing durable income and long-term occupancy stability.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,685 SF
Building Class
B
Year Built/Renovated
1987/2021
Price
$925,000
Price Per SF
$344.51
Cap Rate
7.85%
NOI
$72,613
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.68 AC
Zoning
C - Commercial
Parking
28 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
192’ on Lamar Avenue
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $236,810 | |
| Land Assessment | $77,930 | Total Assessment | $314,740 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$77,930
Improvements Assessment
$236,810
Total Assessment
$314,740
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Golden Chick | 1210 Lamar Ave
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