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2053 Loop 11
Wichita Falls, TX 76306
Carl's Jr. · Retail Property For Sale
Investment Highlights
- Over 10 Years Remaining | Options To Extend | Scheduled Rental Increases
- Strategic Highway Location | Drive-Thru Equipped |Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Entity on the Lease is OK Restaurant Holdings, LLC, a 22-unit operator
• Over 10 years of lease term remaining with 4 (5-year) option periods to extend
• Lease features 10% rental increases every 5 years throughout the initial term and option periods, increasing NOI and hedging against inflation
• Single-digit rent-to-sales ratio with positive EBITDA (contact agent for details)
• Over 10 years of lease term remaining with 4 (5-year) option periods to extend
• Lease features 10% rental increases every 5 years throughout the initial term and option periods, increasing NOI and hedging against inflation
• Single-digit rent-to-sales ratio with positive EBITDA (contact agent for details)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,080 SF
Building Class
B
Year Built
1980
Price
$1,295,000
Price Per SF
$420.45
Cap Rate
7%
NOI
$90,652
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.96 AC
Zoning
GC - Commercial
Parking
30 Spaces (9.74 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
- Wheelchair Accessible
Property Taxes
| Parcel Number | 140152 | Improvements Assessment | $339,119 |
| Land Assessment | $217,452 | Total Assessment | $556,571 |
Property Taxes
Parcel Number
140152
Land Assessment
$217,452
Improvements Assessment
$339,119
Total Assessment
$556,571
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