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Cheddar's Scratch Kitchen 1510 IH 2 6,646 SF Retail Building Donna, TX 78537 $5,208,461 CAD ($783.70 CAD/SF) 5.25% Cap Rate
Investment Highlights
- 2025 Construction. 6,646+/- SF Building on 1.6+/- Acre Site
- Anchored Power Center Location w/in the ±200,000 SF “Shops at 493,” co-anchored by Walmart Supercenter, Burlington, Ross, DD’s & More
- Cheddar’s Scratch Kitchen is a Casual Dining Restaurant Concept that specializes in Fresh, Made-From-Scratch Meals & Operates 185 Locations
- High-Visibility Regional Corridor- Positioned at I-2/Expressway 83 & FM 493 (132,801+ VPD)
- Near Major Traffic Drivers – Donna ISD (21 Schools; 13,000+ Students; 2,358 Employees) & Donna-Rio Bravo International Bridge (3.5M+ Crossings/Yr.)
- Donna | Supported by $17.5B+ in Retail Sales and Robust Cross-Border Trade | Population: 16,874+; MSA: 870,000+
Executive Summary
10-Year Absolute NNN Ground Lease with 10% Rental Increases Every 5-Yrs. in both the Primary Term and (4) 5-Year Renewal Options
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,646 SF
Building Class
B
Year Built
2025
Price
$5,208,461 CAD
Price Per SF
$783.70 CAD
Cap Rate
5.25%
NOI
$273,444 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.60 AC
Zoning
F1 - Commercial
Parking
113 Spaces (17 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | S3290-00-000-0005-00 | Improvements Assessment | $1,375,910 CAD |
| Land Assessment | $1,524,447 CAD | Total Assessment | $2,900,357 CAD |
Property Taxes
Parcel Number
S3290-00-000-0005-00
Land Assessment
$1,524,447 CAD
Improvements Assessment
$1,375,910 CAD
Total Assessment
$2,900,357 CAD
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Cheddar's Scratch Kitchen | 1510 IH 2
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