Dillas Primo Quesdaillas 2829 North St

2,400 SF Retail Building Nacogdoches, TX 75965 $2,492,000 ($1,038/SF) 6.50% Cap Rate

Investment Highlights

  • New 15-Year Lease | Absolute NNN Lease
  • Growing Differentiated Restaurant
  • Premier Retail Corridor | Strong Texas Market
  • 2% Annual Increases
  • Newly Renovated
  • Strength of Franchisee & Lease Guarantor

Executive Summary

Northmarq, on behalf of Ownership, is pleased to offer for sale the Fee Simple ownership interest in 2829 North Street, Nacogdoches, TX, a newly renovated Dillas Primo Quesadillas restaurant. Nacogdoches is central to the East Texas Piney Woods with claims as the oldest town in Texas.
The 2,400SF Building was originally constructed in 2017 and fully renovated in 2024. The Property is situated on 0.45-acres with excellent visibility at the signalized intersection of North Street and Bowie Street (Combined 21,000 VPD). Located on the primary retail thoroughfare of Nacogdoches, the Property is neighbored by dozens of national tenants including Chick-Fil-A directly across the street. Stephen F. Austin State University, with an enrollment of 10,888 students, is less than 0.5-miles to the southeast.

Attachments

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Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,400 SF
Building Class
B
Year Built/Renovated
2017/2024
Price
$2,492,000
Price Per SF
$1,038
Cap Rate
6.50%
NOI
$161,980
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.45 AC
Zoning
Commercial - Commercial Zoned for Business
Parking
30 Spaces (16.4 Spaces per 1,000 SF Leased)
Frontage
76 FT on 2829 North Street

Amenities

  • Corner Lot
  • Restaurant
  • Drive Thru
  • Accent Lighting
  • Air Conditioning
Walk Score®
Very Walkable (75)

Nearby Major Retailers

Cadence Bank
Chili's Grill & Bar
Mcalister's Deli
Starbucks
Taco Bueno
Curves
Cotton Patch Café
Austin Bank
Regions Bank
Kroger

PROPERTY TAXES

  • Listing ID: 33616718

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 2829 North St, Nacogdoches, TX 75965