680 Sabine St | Hemphill, TX 75948
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- LoopNet Team
680 Sabine St
Hemphill, TX 75948
Dairy Queen · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Low Rent – Low rent at this location allows this site to currently operate on a sub 4% rent to sales ratio.
- Income Tax Free State – Texas is an absolute income tax free state.
- 50+ Year Operating History – Dairy Queen has operated from this site since originally built in 1979.
- Annual Increases – Lease contains annual 1.5% rental increases providing a stable long term hedge against inflation.
- Absolute NNN – No landlord responsibilities, providing a great investment for passive investors.
- Tenant Commitment – Tenant put $103,000 in capital improvements to the site in 2015, demonstrating a strong commitment to continued operations at this
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,022 SF
Building Class
B
Year Built
1979
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.92 AC
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | R000006941 | Improvements Assessment | $145,350 |
| Land Assessment | $34,320 | Total Assessment | $179,670 |
PROPERTY TAXES
Parcel Number
R000006941
Land Assessment
$34,320
Improvements Assessment
$145,350
Total Assessment
$179,670
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