Applebee's 1808 SW H K Dodgen Loop 4,972 SF Retail Building Temple, TX 76504 $2,500,000 ($502.82/SF) 10.02% Cap Rate
INVESTMENT HIGHLIGHTS
- The property is located adjacent to O’Reilly Auto Parts and across the highway from Baylor Scott & White Children’s Medical Center.
- 6.5 years remaining and four, 5-year options with 10% increases.
EXECUTIVE SUMMARY
The property is an absolute NNN single Tenant with 6.5 years remaining and four, 5-year options with 10% increases.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,972 SF
Building Class
B
Year Built
1993
Price
$2,500,000
Price Per SF
$502.82
Cap Rate
10.02%
NOI
$250,392
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.96 AC
Zoning
C Cup - Conditional Use Permit
Parking
108 Spaces (21.72 Spaces per 1,000 SF Leased)
AMENITIES
- Freeway Visibility
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3118 | Improvements Assessment | $584,103 |
| Land Assessment | $315,897 | Total Assessment | $900,000 |
