NobiliTea | New 15yr Corp Abs NNN | DrThru
790 SF | Retail Building | Jacksonville, TX 75766 | $823,000 ($1,042/SF) | 7.10% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $823,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 790 SF
- Price / Square Foot
- $1,042
Listing Contacts
Brian Wolfman
Verified Profile
- Property Info
Property Overview
SRS National Net Lease is pleased to offer the opportunity to acquire an absolute NNN ground leased, NobiliTea investment property located in Jacksonville, Texas. The tenant, Nobel Leaf Holdings, LLC recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property is equipped with a drive-thru, providing ease and convenience for customers. The tenant will begin paying rent May 24, 2024. NobiliTea is a rapidly growing brand that has opened 19 locations recently throughout Texas, Oklahoma, Kansas, and Arkansas.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 12,197 SF
Highlights
- Brand New 15-Year Lease | Corporate Guaranty | Options to Extend | Scheduled Rental Increases
- Absolute NNN | Zero Landlord Responsibilities | Tenant Breaks Ground 5/10/2024 | 4 Month Anticipated Build
- Dense Retail Corridor | Drive-Thru Equipped
- Strong Demographics In 5-Mile Trade Area
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