Log In/Sign Up
Your email has been sent.
Carl's Jr. 2053 Loop 11 3,080 SF Retail Building Wichita Falls, TX 76306 $1,771,081 CAD ($575.03 CAD/SF) 7% Cap Rate
Investment Highlights
- Over 10 Years Remaining | Options To Extend | Scheduled Rental Increases
- Strategic Highway Location | Drive-Thru Equipped |Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Entity on the Lease is OK Restaurant Holdings, LLC, a 22-unit operator
• Over 10 years of lease term remaining with 4 (5-year) option periods to extend
• Lease features 10% rental increases every 5 years throughout the initial term and option periods, increasing NOI and hedging against inflation
• Single-digit rent-to-sales ratio with positive EBITDA (contact agent for details)
• Over 10 years of lease term remaining with 4 (5-year) option periods to extend
• Lease features 10% rental increases every 5 years throughout the initial term and option periods, increasing NOI and hedging against inflation
• Single-digit rent-to-sales ratio with positive EBITDA (contact agent for details)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,080 SF
Building Class
B
Year Built
1980
Price
$1,771,081 CAD
Price Per SF
$575.03 CAD
Cap Rate
7%
NOI
$123,978 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.96 AC
Zoning
GC - Commercial
Parking
30 Spaces (9.74 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
- Wheelchair Accessible
Nearby Major Retailers
Property Taxes
| Parcel Number | 140152 | Improvements Assessment | $463,769 CAD |
| Land Assessment | $297,381 CAD | Total Assessment | $761,150 CAD |
Property Taxes
Parcel Number
140152
Land Assessment
$297,381 CAD
Improvements Assessment
$463,769 CAD
Total Assessment
$761,150 CAD
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Carl's Jr. | 2053 Loop 11
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.