1509 S Broadway St | Sulphur Springs, TX 75482
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1509 S Broadway St
Sulphur Springs, TX 75482
Kwik Kar Absolute NNN Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with Annual Increases @ the Greater of 2% or CPI
- Dallas Metro (income tax free state)
- Exceptional Site-Level Performance: the subject unit is among the top performing units in the FSA system, boasting rent coverage of 2.4x
- Strong Corporate Guarantor: FSA oversees 700+ owned and franchised units in 5 countries – generating ~$300 million in revenue
- Below replacement cost investment, hard to replace assets
- COVID-Resistant Industry: FSA performed well during the pandemic and is experiencing significant tailwinds today as restrictions ease
PROPERTY FACTS
Property Type
Retail
Building Size
3,000 SF
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.73 AC
Frontage
103’ on Broadway St
PROPERTY TAXES
| Parcel Number | R000006586 | Improvements Assessment | $293,000 |
| Land Assessment | $203,910 | Total Assessment | $496,910 |
PROPERTY TAXES
Parcel Number
R000006586
Land Assessment
$203,910
Improvements Assessment
$293,000
Total Assessment
$496,910
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