Pour Shack (NNN Investment Sale) 250 S Main St 8,620 SF Retail Building Keller, TX 76248 $2,650,000 ($307.42/SF) 7.77% Cap Rate
INVESTMENT HIGHLIGHTS
- ±8,620 SF restaurant in the heart of Old Town Keller
- 46 Total parking spaces
- Fully equipped
- City shared parking spaces surrounding restaurant
EXECUTIVE SUMMARY
8% cap – $2.65M
Newly signed 10 year lease with commencement date of Feb 22’
Percentage rent in place at 6% above natural breakpoint
Type Of Building Improvement:
Bldg Sq Ft: 5,590 SF Metal/Wood
Bldg Sq Ft: 1,413 SF Brick/Block
Bldg Sq Ft: 1,842 SF Class S Metal
Newly signed 10 year lease with commencement date of Feb 22’
Percentage rent in place at 6% above natural breakpoint
Type Of Building Improvement:
Bldg Sq Ft: 5,590 SF Metal/Wood
Bldg Sq Ft: 1,413 SF Brick/Block
Bldg Sq Ft: 1,842 SF Class S Metal
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,620 SF
Building Class
B
Year Built
2012
Price
$2,650,000
Price Per SF
$307.42
Cap Rate
7.77%
NOI
$205,872
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.01 AC
Zoning
Commercial
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 41596471 | Improvements Assessment | $1,162,209 |
| Land Assessment | $263,970 | Total Assessment | $1,426,179 |
