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Whataburger 3325 Lamar Ave 3,190 SF Retail Building Paris, TX 75460 $4,327,352 CAD ($1,356.54 CAD/SF) 4.71% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 11 Years Remaining | Options To Extend | Scheduled Rental Increases
- Paris Towne Center | High Traffic Intersection | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership
- Strong Demographics In The Immediate Trade Area
EXECUTIVE SUMMARY
• The tenant has over 11 years remaining on its lease with 3 (5-year) options to extend
• Corporate signed lease by Whataburger Restaurants, LLC
• Features 10% rental increases every 5 years throughout the initial lease term and at the beginning of each option period, growing NOI and hedging against inflation
• Corporate signed lease by Whataburger Restaurants, LLC
• Features 10% rental increases every 5 years throughout the initial lease term and at the beginning of each option period, growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,190 SF
Building Class
C
Year Built/Renovated
1999/2000
Price
$4,327,352 CAD
Price Per SF
$1,356.54 CAD
Cap Rate
4.71%
NOI
$203,936 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.50 AC
Zoning
PD - Planned Development
Parking
40 Spaces (12.54 Spaces per 1,000 SF Leased)
Frontage
149’ on Lamar Ave
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18563 | Improvements Assessment | $582,727 CAD |
| Land Assessment | $233,440 CAD | Total Assessment | $816,167 CAD |
PROPERTY TAXES
Parcel Number
18563
Land Assessment
$233,440 CAD
Improvements Assessment
$582,727 CAD
Total Assessment
$816,167 CAD
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Whataburger | 3325 Lamar Ave
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