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Ono Hawaiian BBQ 506 W Interstate 30 2,629 SF Retail Building Royse City, TX 75189 $3,200,000 ($1,217.19/SF) 5.16% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15-year absolute net lease offering a stable, long-term investment with reliable income.
- This property boasts a prime hard corner freeway location as a pad site to a Walmart Supercenter, with high daily vehicle traffic counts.
- Attractive 10% rental escalations are built into the lease, occurring every five years throughout both the primary term and the option periods.
EXECUTIVE SUMMARY
Kidder Mathews is pleased to present an exceptional opportunity to acquire a fully leased Ono Hawaiian BBQ property in Royse City, Texas. This freestanding building spans 2,629 square feet and is situated on approximately 0.97 acres of land. The absolute NNN lease agreement features a 15-year lease term, 10% rental increases every five years during the initial term and the 4, 5-year option periods.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,629 SF
Building Class
C
Year Built
2016
Price
$3,200,000
Price Per SF
$1,217.19
Cap Rate
5.16%
NOI
$165,120
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.97 AC
Zoning
Commercial - Commercial
Parking
25 Spaces (9.51 Spaces per 1,000 SF Leased)
Frontage
89’ on Interstate 30
AMENITIES
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 87740 | Improvements Assessment | $594,251 |
| Land Assessment | $605,749 | Total Assessment | $1,200,000 |
PROPERTY TAXES
Parcel Number
87740
Land Assessment
$605,749
Improvements Assessment
$594,251
Total Assessment
$1,200,000
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Ono Hawaiian BBQ | 506 W Interstate 30
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