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Number One Buffet 619 S Main St 1,860 SF 4-Star Retail Building Seminole, TX 79360 $555,800 ($298.82/SF) 8.49% Cap Rate
Investment Highlights
- New 5-Year Lease | Billboard Lease
- Dense Retail Corridor | Proximity To Community Anchors
- Direct Residential Consumer Base
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
Executive Summary
Number One Buffet recently executed a new 5-year lease, providing immediate income stability and demonstrating commitment to the site. The offering also includes supplemental income from a billboard lease, generating$5,160 in annual revenue and enhancing overall yield
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,860 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
1977
Price
$555,800
Price Per SF
$298.82
Cap Rate
8.49%
NOI
$47,160
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.37 AC
Zoning
Commercial
Parking
36 Spaces (19.35 Spaces per 1,000 SF Leased)
Frontage
115’ on MAIN ST
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 48921 | Improvements Assessment | $139,420 |
| Land Assessment | $97,750 | Total Assessment | $237,170 |
Property Taxes
Parcel Number
48921
Land Assessment
$97,750
Improvements Assessment
$139,420
Total Assessment
$237,170
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Videos
Matterport 3D Exterior
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Photos
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Map
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Number One Buffet | 619 S Main St
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