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Chili's | Abs NNN | 2.46 AC Parcel 1911 North St 5,355 SF Retail Building Nacogdoches, TX 75965 $8,420,836 CAD ($1,572.52 CAD/SF) 4.50% Cap Rate
Investment Highlights
- New 10-Year Extension | Corporate Signature | Long Operating History
- Strong Retail Corridor | Proximity to Multi-Family Developments
- Signalized, Hard Corner Intersection | Significant Frontage |Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Covered Land Play Opportunity | Stephen F. Austin University |2.46-Acre Lot | General Business Zoning
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Chili’s investment property located in Nacogdoches, Texas. The tenant, Chili’s, recently signed a brand new 10-year lease extension with no options to extend. The lease is absolute NNN with zero landlord responsibilities. The 2.46-acre parcel, which is zoned general business and located directly across from Stephen F. Austin University, is an ideal opportunity for a covered land play, as demand for student housing in the area is high and Chili’s lease contains no options to extend.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,355 SF
Building Class
B
Year Built
2000
Price
$8,420,836 CAD
Price Per SF
$1,572.52 CAD
Cap Rate
4.50%
NOI
$378,944 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.46 AC
Zoning
B-2 - General Business
Parking
112 Spaces (20.92 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Monument Signage
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 10
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Chili's | Abs NNN | 2.46 AC Parcel | 1911 North St
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