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Denny's | Absolute NNN 868 NE Alsbury Blvd 5,113 SF Retail Building Burleson, TX 76028 $2,766,000 ($540.97/SF) 5.25% Cap Rate
Investment Highlights
- 15 Years Remaining | Options To Extend | Scheduled Rental Increases
- Across From Burleson Town Center | Gateway Station
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• New, 15-year lease with 4 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI while providing a hedge against inflation
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI while providing a hedge against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,113 SF
Building Class
B
Year Built
1994
Price
$2,766,000
Price Per SF
$540.97
Cap Rate
5.25%
NOI
$145,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.66 AC
Zoning
Commercial
Parking
30 Spaces (5.87 Spaces per 1,000 SF Leased)
Frontage
95’ on NE Alsbury Blvd
Amenities
- Dedicated Turn Lane
- Restaurant
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 06279333 | Improvements Assessment | $918,270 |
| Land Assessment | $431,730 | Total Assessment | $1,350,000 |
Property Taxes
Parcel Number
06279333
Land Assessment
$431,730
Improvements Assessment
$918,270
Total Assessment
$1,350,000
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Denny's | Absolute NNN | 868 NE Alsbury Blvd
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