POPEYES w/ DR-THRU | 20YR ABSOLUTE NET GROUND | 2501 E Hubbard St
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POPEYES w/ DR-THRU | 20YR ABSOLUTE NET GROUND 2501 E Hubbard St
2,400 SF Retail Building Mineral Wells, TX 76067 $2,836,364 ($1,182/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options.
- Mineral Wells sits just 40 Miles from Fort Worth, & benefits from Proximity to the Dallas Fort Worth MSA, which has been dubbed the “Silicon Prairie".
- The Site is Located near the City’s Industrial Hub - Surrounded by Numerous Light Industrial, Manufacturing Plants and Distribution Centers.
- Positioned Along Area’s Major Retail & Traffic Corridor - Features Easy Access & Excellent Visibility along E Hubbard St / Hwy 180.
- In Close Proximity to Numerous National Retailers Including Walmart Supercenter, Tractor Supply, Harbor Freight, CVS Pharmacy, Walgreens, and more.
- Minutes from Fort Wolters - Formerly a United States Military Installation now used as an Industrial Park, and a Training Center for the Texas Army.
EXECUTIVE SUMMARY
20 Year Absolute Net Ground Sale Leaseback | Brand New 2024 Construction | Along Highway-180 - Main Thoroughfare through Mineral Wells | Walking Distance from Shopping Center | Minutes from Industrial Park, Airport and Numerous Schools
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
B
Year Built
2024
Price
$2,836,364
Price Per SF
$1,182
Cap Rate
5.50%
NOI
$156,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.67 AC
Opportunity Zone
Yes
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5437 | Improvements Assessment | $97,410 |
| Land Assessment | $263,060 | Total Assessment | $360,470 |
PROPERTY TAXES
Parcel Number
5437
Land Assessment
$263,060
Improvements Assessment
$97,410
Total Assessment
$360,470
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POPEYES w/ DR-THRU | 20YR ABSOLUTE NET GROUND | 2501 E Hubbard St
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