14290 Horizon Blvd
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14290 Horizon Blvd
2,497 SF Retail Building Horizon City, TX 79928 $1,600,000 ($641/SF) 6.72% Cap Rate
INVESTMENT HIGHLIGHTS
- Approximately 2,497 Sq. Ft. on a 1 Acre Lot with Ample Parking
- Four, 5-Year Options Remain with 7.5% Rent Increases Each
- Ideally Located on a Signalized Intersection with High Traffic Counts
- Burger King Renovated in 2017 and Signed a Brand New 10-Year Absolute Net Lease
- The Lease is Guaranteed by a 42-Unit Franchisee
- Located on a Busy Retail Trade Corridor with Lots of Nearby Business and Residential Housing
EXECUTIVE SUMMARY
Andersen, Jung & Co. is pleased to present the listing for an established Burger King located at 14290 Horizon Blvd in Horizon City, TX.
The property is compromised of 2,497 Sq. Ft. and sits on approximately 1 Acre of land with ample parking. Originally built in 2007, Burger King renovated the property and signed a new 10-Year absolute net lease in 2017 with Four, 5-Year Options and set rent increases at 7.5% every 5 years.
Ideally located in a densely populated major retail trade area full of commercial properties such as Pizza Hut, Wendy's, Little Caesar's, Walgreens, AutoZone, Dollar Tree, Papa Johns, Popeye's, Applebee's, McDonald's, Jack-in-the-Box, Whataburger, Verizon, Starbucks, Walmart and many more. It is also surrounded by residential homes in every direction and located on a signalized intersection for even higher traffic counts!
Ampler is a proud franchisee of over 475 quick service restaurants operating 4 iconic brands; Burger King, Taco Bell, Church's Chicken and Little Caesar's Pizza. The guarantor is an off-shoot of Ampler with a guarantee of 42 locations.
Horizon City is located El Paso County and takes pride in its roots. Originally, little more than raw desert, it is now the fastest growing urban area in the region. In 2000, the U.S. Census confirmed that the Horizon area was one of the fastest growing urban centers in El Paso County and since then, the growth rate has exceeded 10% annually and looks set to continue. Now, Horizon City is booming with a busy retail trade corridor, expanding businesses, densely populated residential homes and communities, a golf course with country club, and just 20-25 minutes from downtown El Paso and the El Paso International Airport.
Andersen, Jung & Co. has not made any investigations and makes no warranty or representation to the accuracy of any of the information herein. The information has been obtained from sources deemed to be reliable but Andersen, Jung & Co. has not, and will not, verify or investigate any and all information. All prospective buyers must take appropriate measures to verify and investigate all of the information contained thoroughly and to satisfaction.
The property is compromised of 2,497 Sq. Ft. and sits on approximately 1 Acre of land with ample parking. Originally built in 2007, Burger King renovated the property and signed a new 10-Year absolute net lease in 2017 with Four, 5-Year Options and set rent increases at 7.5% every 5 years.
Ideally located in a densely populated major retail trade area full of commercial properties such as Pizza Hut, Wendy's, Little Caesar's, Walgreens, AutoZone, Dollar Tree, Papa Johns, Popeye's, Applebee's, McDonald's, Jack-in-the-Box, Whataburger, Verizon, Starbucks, Walmart and many more. It is also surrounded by residential homes in every direction and located on a signalized intersection for even higher traffic counts!
Ampler is a proud franchisee of over 475 quick service restaurants operating 4 iconic brands; Burger King, Taco Bell, Church's Chicken and Little Caesar's Pizza. The guarantor is an off-shoot of Ampler with a guarantee of 42 locations.
Horizon City is located El Paso County and takes pride in its roots. Originally, little more than raw desert, it is now the fastest growing urban area in the region. In 2000, the U.S. Census confirmed that the Horizon area was one of the fastest growing urban centers in El Paso County and since then, the growth rate has exceeded 10% annually and looks set to continue. Now, Horizon City is booming with a busy retail trade corridor, expanding businesses, densely populated residential homes and communities, a golf course with country club, and just 20-25 minutes from downtown El Paso and the El Paso International Airport.
Andersen, Jung & Co. has not made any investigations and makes no warranty or representation to the accuracy of any of the information herein. The information has been obtained from sources deemed to be reliable but Andersen, Jung & Co. has not, and will not, verify or investigate any and all information. All prospective buyers must take appropriate measures to verify and investigate all of the information contained thoroughly and to satisfaction.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,497 SF
Building Class
B
Year Built/Renovated
2007/2017
Price
$1,600,000
Price Per SF
$641
Cap Rate
6.72%
NOI
$107,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Zoning
C1 - Light Commercial
Parking
40 Spaces (6.43 Spaces per 1,000 SF Leased)
Frontage
110 FT on Horizon Blvd Blvd
AMENITIES
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Burger King is known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined their brand for 70 successful years.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | H791-005-0010-1000 | Improvements Assessment | $605,987 |
| Land Assessment | $458,961 | Total Assessment | $1,064,948 |
PROPERTY TAXES
Parcel Number
H791-005-0010-1000
Land Assessment
$458,961
Improvements Assessment
$605,987
Total Assessment
$1,064,948
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14290 Horizon Blvd
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