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POPEYES w/ DR-THRU | 20YR ABSOLUTE NET GROUND 2501 E Hubbard St 2,400 SF Retail Building Mineral Wells, TX 76067 $3,959,337 CAD ($1,649.72 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options.
- Mineral Wells sits just 40 Miles from Fort Worth, & benefits from Proximity to the Dallas Fort Worth MSA, which has been dubbed the “Silicon Prairie".
- The Site is Located near the City’s Industrial Hub - Surrounded by Numerous Light Industrial, Manufacturing Plants and Distribution Centers.
- Positioned Along Area’s Major Retail & Traffic Corridor - Features Easy Access & Excellent Visibility along E Hubbard St / Hwy 180.
- In Close Proximity to Numerous National Retailers Including Walmart Supercenter, Tractor Supply, Harbor Freight, CVS Pharmacy, Walgreens, and more.
- Minutes from Fort Wolters - Formerly a United States Military Installation now used as an Industrial Park, and a Training Center for the Texas Army.
EXECUTIVE SUMMARY
20 Year Absolute Net Ground Sale Leaseback | Brand New 2024 Construction | Along Highway-180 - Main Thoroughfare through Mineral Wells | Walking Distance from Shopping Center | Minutes from Industrial Park, Airport and Numerous Schools
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
B
Year Built
2024
Price
$3,959,337 CAD
Price Per SF
$1,649.72 CAD
Cap Rate
5.50%
NOI
$217,764 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.67 AC
Opportunity Zone
Yes
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Popeyes
- Retailer
- 2,400 SF
- -
- Triple Net
- Dec 2044
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Popeyes | Retailer | 2,400 SF | - | Triple Net | Dec 2044 |
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5437 | Improvements Assessment | $590,694 CAD |
| Land Assessment | $369,681 CAD | Total Assessment | $960,375 CAD |
PROPERTY TAXES
Parcel Number
5437
Land Assessment
$369,681 CAD
Improvements Assessment
$590,694 CAD
Total Assessment
$960,375 CAD
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POPEYES w/ DR-THRU | 20YR ABSOLUTE NET GROUND | 2501 E Hubbard St
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