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MOD Pizza - Rockwall, TX 1901 N Goliad St 2,800 SF 4-Star Retail Building Rockwall, TX 75087 $2,310,000 ($825/SF) 6% Cap Rate
Executive Summary
Corporate Net Lease with 10% Rental Increases – Allows an investor the opportunity to acquire a net lease asset with limited responsibilities and 10% rental increases every 5 years and in option periods
Strategically Located Across from a 90,000 SF Kroger and Directly Adjacent to Starbucks and Chick-fil-A
Strong Corporate Guarantee – MOD Pizza is owned by Elite Restaurant Group and has over 450 locations in 28 states and more than 12,000 employees
Located in the 3rd Fastest Growing County in Texas – Rockwall County is one of the fastest growing counties in Texas and the U.S., growing over 30.4% since 2020
High Quality Construction Located Directly Off N Goliad St (16,500+ VPD) – Features excellent accessibility and ample parking with a large outdoor patio for customer seating
Eight Schools Within a 2-Mile Radius of the Property – Combined total enrollment of over 5,020 students
Strategically Located Across from a 90,000 SF Kroger and Directly Adjacent to Starbucks and Chick-fil-A
Strong Corporate Guarantee – MOD Pizza is owned by Elite Restaurant Group and has over 450 locations in 28 states and more than 12,000 employees
Located in the 3rd Fastest Growing County in Texas – Rockwall County is one of the fastest growing counties in Texas and the U.S., growing over 30.4% since 2020
High Quality Construction Located Directly Off N Goliad St (16,500+ VPD) – Features excellent accessibility and ample parking with a large outdoor patio for customer seating
Eight Schools Within a 2-Mile Radius of the Property – Combined total enrollment of over 5,020 students
Property Facts
Sale Type
Investment
Property Type
Building Size
2,800 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2019
Price
$2,310,000
Price Per SF
$825
Cap Rate
6%
NOI
$138,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.88 AC
Amenities
- Signage
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 93073 | Improvements Assessment | $819,445 |
| Land Assessment | $354,175 | Total Assessment | $1,173,620 |
Property Taxes
Parcel Number
93073
Land Assessment
$354,175
Improvements Assessment
$819,445
Total Assessment
$1,173,620
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MOD Pizza - Rockwall, TX | 1901 N Goliad St
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