Log In/Sign Up
Your email has been sent.
EVO Entertainment 18658 IH 35 N 73,813 SF 4-Star Retail Building Schertz, TX 78154 $24,053,000 ($325.86/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 8 Years Remaining | Options To Extend | Scheduled Rental Increases
- Schertz Station (257,000+ SF) | Dense Retail Corridor
- Elevate Entertainment Group | Growing Brand
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Healthy Financial Performance | Personal Guarantor |Multiple Streams of Revenue
- Strong Demographics In The Immediate Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, EVO Entertainment investment property located in Schertz, Texas. The tenant, EVO Entertainment has approximately 8 years of initial term and 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. The location features positive store level EBITDA and strong sales (Contact Agent for Details) and the lease is personally guaranteed by an operator with extensive experience in the entertainment industry.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
73,813 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2019
Price
$24,053,000
Price Per SF
$325.86
Cap Rate
7.50%
NOI
$1,804,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
17.33 AC
Zoning
M-1 - Manufacturing Light District
Parking
403 Spaces (5.46 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1G-3586-0000-00100-000 | Improvements Assessment | $17,228,325 |
| Land Assessment | $3,771,675 | Total Assessment | $21,000,000 |
PROPERTY TAXES
Parcel Number
1G-3586-0000-00100-000
Land Assessment
$3,771,675
Improvements Assessment
$17,228,325
Total Assessment
$21,000,000
CONTACTS
-
Patrick Luther -
Matthew Mousavi -
Cathy Nabours -
Kyle Shaffer -
SRS National Net Lease
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
EVO Entertainment | 18658 IH 35 N
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.