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Long John Silver's | NNN Lease 2151 E Garrison St 2,932 SF Retail Building Eagle Pass, TX 78852 $1,062,000 ($362.21/SF) 5.75% Cap Rate
Investment Highlights
- 3+ Years Remaining | Corporate Guaranty | Option To Extend | Scheduled Annual Rental Increase
- Mall de las Aguilas | High Traffic Counts | Dense Retail Corridor |Eagle Pass High School (2,000+ Students ) | Cross-Border Location
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• 3 years remaining with 1 (3-year) option periods to extend
• The lease features $9,600 annual rental increases each April 1 through lease expiration, providing consistent NOI growth and a hedge against inflation
• The lease features $9,600 annual rental increases each April 1 through lease expiration, providing consistent NOI growth and a hedge against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,932 SF
Building Class
B
Year Built
1983
Price
$1,062,000
Price Per SF
$362.21
Cap Rate
5.75%
NOI
$61,052
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.05 AC
Zoning
B2 - Central Business District
Parking
96 Spaces (32.74 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
Long John Silver's | NNN Lease | 2151 E Garrison St