2250 Precinct Line Rd, Hurst, TX 76054
827 SF | Retail Building | Hurst, TX 76054 | $1,739,000 ($2,103/SF) | 5.75% Cap Rate
For Sale
Active
3 pictures
Asking Price $1,739,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 827 SF
- Price / Square Foot
- $2,103
Listing Contacts
John Toben
Matthew Mousavi
Patrick Luther
Property Overview
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed, drive-thru equipped, Salad and Go investment property located in Hurst, Texas (DFW MSA). The tenant, And Go Concepts, LLC, recently signed a brand new 20-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, 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 newly-constructed building features a state-of-the-art design and high-quality materials. Salad and Go was founded in 2013 in Gilbert, Arizona. The company currently operates nearly 103 locations in the Western United States and is continuing to expand.
Property Details
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding
Highlights
- Brand New 20-Year Lease | Corporate Guaranteed |Scheduled Rental Increases | Brand New Construction
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Outparcel to Lowe’s Home Improvement | Drive-Thru Equipped | North East Mall (751,000 SF) | Primary Retail Corridor
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
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