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321 Us Highway 181
Taft, TX 78390
Whataburger - Taft TX · Retail Property For Sale
Investment Highlights
- 10+ Years Remaining | Scheduled Rental Increases | Options to Extend
- Located Along Hwy 181 | Nearby National/Credit Tenant |Traft Highschool & Traft Junior Highschool
- Absolute NNN | Fee Simple Ownership
- Demographics in 5-Mile Trade Area
Executive Summary
• The tenant currently has 10+ years remaining on their initial lease term with 3 (5 year) options to extend
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,832 SF
Building Class
C
Year Built
1986
Price
$1,946,000
Price Per SF
$1,062.23
Cap Rate
5%
NOI
$97,318
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
22 Spaces (12.01 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 50888 | Improvements Assessment | $365,817 |
| Land Assessment | $6,728 | Total Assessment | $372,545 |
Property Taxes
Parcel Number
50888
Land Assessment
$6,728
Improvements Assessment
$365,817
Total Assessment
$372,545
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