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180 E Central Texas Expy
Harker Heights, TX 76548
Retail Property For Sale
Investment Highlights
- 2020 CONSTRUCTION WITH EXPRESSWAY VISIBILITY | 74K VPD
- PROVEN QSR CORNER | NEIGHBORS RANKING AS HIGH AS 96TH PERCENTILE
- TWO HIGHER EDUCATION ANCHORS SERVING THE REGION
- 15% INCREASE EVERY 5 YEARS
- NATIONAL BRANDS IN CORRIDOR
- THE ARMY'S HEAVY COMBAT HUB | 10 MILES OUT
Executive Summary
The Northmarq National Restaurant Group is pleased to present this single-tenant Jack in the Box located at 180 East Central Texas Expressway in Harker Heights, Texas. The asset offers investors a freestanding, 2020 construction drive-thru restaurant on a 1.03 acre parcel with more than 45 parking spaces, pylon signage, and a 24-hour drive-thru, secured by a long-term absolute NNN lease with roughly 13.8 years remaining on the original term and contractual 15% rent increases every five years, delivering a passive, management free investment with built-in NOI growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,773 SF
Building Class
B
Year Built
2020
Price
$2,989,292
Price Per SF
$1,078.00
Cap Rate
6.50%
NOI
$194,304
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.03 AC
Parking
45 Spaces (16.23 Spaces per 1,000 SF Leased)
Frontage
74’ on Central Texas Exp*
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 446461 | Improvements Assessment | $937,041 |
| Land Assessment | $412,959 | Total Assessment | $1,350,000 |
Property Taxes
Parcel Number
446461
Land Assessment
$412,959
Improvements Assessment
$937,041
Total Assessment
$1,350,000
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