Kickback's Backyard | 1721 S Armstrong Ave
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Kickback's Backyard 1721 S Armstrong Ave
3,682 SF Retail Building Denison, TX 75020 $1,080,000 ($293/SF)
Investment Highlights
- Tenant in place paying $7,250/month until May of 2027.
- Located on Armstrong Ave (~6,000 vehicles per day) and less than two miles from US Highway 75 (~46,000 vehicles per day)
- Comes with adjacent parking lot totaling 50 parking spaces.
Executive Summary
Great opportunity to own an income-producing building in the heart of Denison leased to Kickbacks restaurant. This building was completely renovated in 2021 and has a tenant in place paying $7,250 per month until May of 2027. The lively dining room and can seat over 60 guests. The outdoor patio can accommodate another 110+ guests, and has a stage that is fully equipped for live music. The building has a total of 50 parking spaces in the recently paved parking lots. Updates completed in 2021 include components such as: parking lot, roof, interior finish out, windows, floors, HVAC, plumbing, wiring, and three phase power. Kickback's Backyard is a highly rated Denison restaurant, boasting a 4.8 star rating on Google from over 350 reviews. Call today to schedule a showing and please do not disturb the tenants.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,682 SF
Building Class
C
Year Built/Renovated
1940/2021
Price
$1,080,000
Price Per SF
$293
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Land Acres
0.64 AC
Zoning
F1 - Commercial Real Property
Parking
50 Spaces (13.58 Spaces per 1,000 SF Leased)
Frontage
135 FT on Bullock Street
Amenities
- Restaurant
PROPERTY TAXES
Parcel Number | 209544 | Improvements Assessment | $314,800 |
Land Assessment | $36,327 | Total Assessment | $351,127 |
PROPERTY TAXES
Parcel Number
209544
Land Assessment
$36,327
Improvements Assessment
$314,800
Total Assessment
$351,127
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Kickback's Backyard | 1721 S Armstrong Ave
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