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HTeaO | New 10yr Abs NNN w/ Incrs 2900 Lamar Avenue Ave 2,164 SF Retail Building Paris, TX 75460 $2,239,650 CAD ($1,034.96 CAD/SF) 6.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Lease | New Construction | Scheduled Rental Increases | Popular & Growing Concept
- Paris Towne Center (300,000 SF Community Center) | Strong National/Credit Tenants | Dense Retail Trade Area
- Strong Demographics In 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Located Along Arterial Thoroughfare | Heavily Traveled Corridor | Located Among Multiple Apartment Complexes
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru equipped, freestanding HTeaO investment property located in Paris, Texas. The tenant recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features an approximate 6% rental increase during the initial term and 10% rental increases at the beginning of each option period, steadily 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. HTeaO is a growing and popular beverage company with over 125 locations. The site features brand-new construction with state-of-the-art amenities and a modern design.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,164 SF
Building Class
B
Year Built
2023
Price
$2,239,650 CAD
Price Per SF
$1,034.96 CAD
Cap Rate
6.30%
NOI
$141,015 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.63 AC
Zoning
General Commercial
Parking
18 Spaces (8.32 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 402602 | Improvements Assessment | $659,024 CAD |
| Land Assessment | $135,440 CAD | Total Assessment | $794,464 CAD |
PROPERTY TAXES
Parcel Number
402602
Land Assessment
$135,440 CAD
Improvements Assessment
$659,024 CAD
Total Assessment
$794,464 CAD
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HTeaO | New 10yr Abs NNN w/ Incrs | 2900 Lamar Avenue Ave
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