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Re 3549 Catclaw Dr 6,675 SF Retail Building Abilene, TX 79606 $4,328,666 CAD ($648.49 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Long term absolute NNN lease
- Corporate Guarantee
- 10 Miles from Downtown Abilene
- Zero landlord obligations
- Income tax free state
- Surrounding tenants include The Home Depot, Walmart Super Center, Burlington, Dollar Tree, Five Below, Wendy's, Mattress Firm, The UPS Store, and more
Executive Summary
The Kase Group is pleased to present the opportunity to purchase a well established Red Robin in Abilene, Texas with a long term absolute NNN lease. The lease calls for zero landlord obligations and is corporately guaranteed by Red Robin. There are 10% increases every 5 years throughout the initial term and options, and four 5-year renewal options. The building sits outparcel to the Shops at Abilene, a dominant regional power center anchored by Ross, PetSmart, Old Navy and TJ Maxx.
The asset benefits from nearby traffic counts of 21,838 VPD along Catclaw Dr, 24,270 VPD along Southwest Dr and nearby U.S. Route 83, which carries over 59,000 VPD. The location is 6 miles from Dyess Air Force Base and 10 miles from Downtown Abilene. Surrounding tenants include The Home Depot, Walmart Super Center, Burlington, Dollar Tree, Five Below, Wendy's, Mattress Firm, The UPS Store, Dollar General, Chick-fil-A, Denny's and more.
The asset benefits from nearby traffic counts of 21,838 VPD along Catclaw Dr, 24,270 VPD along Southwest Dr and nearby U.S. Route 83, which carries over 59,000 VPD. The location is 6 miles from Dyess Air Force Base and 10 miles from Downtown Abilene. Surrounding tenants include The Home Depot, Walmart Super Center, Burlington, Dollar Tree, Five Below, Wendy's, Mattress Firm, The UPS Store, Dollar General, Chick-fil-A, Denny's and more.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,675 SF
Building Class
B
Year Built
2005
Price
$4,328,666 CAD
Price Per SF
$648.49 CAD
Cap Rate
6.75%
NOI
$292,185 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.22 AC
Zoning
C-3
Parking
40 Spaces (5.99 Spaces per 1,000 SF Leased)
Frontage
257’ on Catclaw Dr
Amenities
- Pylon Sign
Nearby Major Retailers
Property Taxes
| Parcel Number | 969241 | Improvements Assessment | $2,353,424 CAD |
| Land Assessment | $768,738 CAD | Total Assessment | $3,122,162 CAD |
Property Taxes
Parcel Number
969241
Land Assessment
$768,738 CAD
Improvements Assessment
$2,353,424 CAD
Total Assessment
$3,122,162 CAD
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