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HTeaO | New 10yr Abs NNN w/ Incrs 2900 Lamar Avenue Ave 2,164 SF Retail Building Paris, TX 75460 $1,620,000 ($748.61/SF) 6.30% Cap Rate
Investment Highlights
- Brand New 10-Year Lease | New Construction | Scheduled Rental Increases | Popular & Growing Concept
- Paris Towne Center (300,000 SF Community Center) | Strong National/Credit Tenants | Dense Retail Trade Area
- Strong Demographics In 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Located Along Arterial Thoroughfare | Heavily Traveled Corridor | Located Among Multiple Apartment Complexes
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru equipped, freestanding HTeaO investment property located in Paris, Texas. The tenant recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features an approximate 6% rental increase during the initial term and 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. HTeaO is a growing and popular beverage company with over 125 locations. The site features brand-new construction with state-of-the-art amenities and a modern design.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,164 SF
Building Class
B
Year Built
2023
Price
$1,620,000
Price Per SF
$748.61
Cap Rate
6.30%
NOI
$102,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.63 AC
Zoning
General Commercial
Parking
18 Spaces (8.32 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 402602 | Improvements Assessment | $467,360 |
| Land Assessment | $96,050 | Total Assessment | $563,410 |
Property Taxes
Parcel Number
402602
Land Assessment
$96,050
Improvements Assessment
$467,360
Total Assessment
$563,410
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HTeaO | New 10yr Abs NNN w/ Incrs | 2900 Lamar Avenue Ave
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