2241 US 271 N | Pittsburg, TX 75686
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- LoopNet Team
2241 US 271 N
Pittsburg, TX 75686
Kim's C-Store and IHOP | SLB · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New Construction 15 Year Absolute Triple Net (NNN) Lease To Begin at Close of Escrow
- 7.5% Rental Increases Every 5 Years Provides a Secure Hedge Against Inflation
- In-House IHOP & Grocery Sales Drive Local Traffic to This Location as Well as Being Adjacent to the Chrysler Dodge Jeep Ram Dealership
- Healthy EBITDAR/Rent Coverage Ratio: 2.25x
- Excellent Visibility and Access Along Highway-271 Which Sees Over 15,200 VPD
- Site is Within an Opportunity Zone Allowing the Landlord to Take Advantage of the Tax Benefits Offered in the 2017 Tax Cuts and Jobs Act
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
8,567 SF
Building Class
C
Year Built
2021
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
11.77 AC
Zoning
COMM
Frontage
547’ on US Highway 271 North
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