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Starbucks & Aspen Dental | NNN Leases 12509 South Fwy 5,800 SF 100% Leased Retail Building Burleson, TX 76028 $4,166,000 ($718.28/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- National/Credit Tenants | Options To Extend | Scheduled Rental Increases
- Southgate Marketplace | Gateway Station | Interstate 35W
- NNN Leases | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• Starbucks and Aspen Dental Corporate signed leases
• Over 5 years of WALT remaining and each tenant has 4 (5-year) options to extend, demonstrating their commitment to the site
• The tenant’s leases feature rental increases in year 6 of the lease and at the beginning of each option period
• Over 5 years of WALT remaining and each tenant has 4 (5-year) options to extend, demonstrating their commitment to the site
• The tenant’s leases feature rental increases in year 6 of the lease and at the beginning of each option period
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,800 SF
Building Class
B
Year Built
2021
Price
$4,166,000
Price Per SF
$718.28
Cap Rate
6%
NOI
$249,975
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
1.44 AC
Zoning
AO - Airport Overlay
Parking
60 Spaces (10.34 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
1 of 7
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Starbucks & Aspen Dental | NNN Leases | 12509 South Fwy
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