5100 W Parkway St | Groves, TX 77619
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- LoopNet Team
5100 W Parkway St
Groves, TX 77619
Chick-fil-A · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 15 Year Absolute NNN Lease – Zero Landlord Responsibilities – Thirteen (5-Year) Options to Renew
- The Land and Building Lease Structure Provides for the Advantage of Accelerated Depreciation. Additional Information Available Upon Request
- Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset
- 10% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
- Features a Double-Drive-Thru with a 39 Car Stack and 86 Parking Spaces
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
4,995 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.32 AC
Zoning
C2
Parking
86 Spaces (17.22 Spaces per 1,000 SF Leased)
Frontage
235’ on West Parkway Street
PROPERTY TAXES
| Parcel Number | 049400-000-014350-00000 | Improvements Assessment | $3,187,592 |
| Land Assessment | $235,093 | Total Assessment | $3,422,685 |
PROPERTY TAXES
Parcel Number
049400-000-014350-00000
Land Assessment
$235,093
Improvements Assessment
$3,187,592
Total Assessment
$3,422,685
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