
3720 North St | Nacogdoches, TX 75965
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3720 North St
Nacogdoches, TX 75965
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- 19 years remaining on initial 20-year Absolute NNN lease with attractive 7.00% rental escalations every 5 years with four 5-year options to renew.
- Located in dominant retail corridor less than one mile from main entrance into Stephen F. Austin University.
- Constructed to Freddy’s latest prototype opened in October 2023.
- Across from AMC Theatre Anchored Retail Center with excellent drive-by visibility/access on North St where traffic counts exceeding 24,890 VPD.
EXECUTIVE SUMMARY
Freddy’s has benefits from 19 years remaining on initial 20-year Absolute NNN lease with attractive 7.00% rental escalations every 5 years with four 5-year options to renew. Ram-Z Custard, LLC owns & operates 67 locations, which include 33 Freddy’s restaurants, making it the 7th largest Freddy’s franchisee in the U.S., and 34 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country (including those currently under construction). **All units back the performance of the lease!**. It is Constructed to Freddy’s latest prototype – opened in October 2023. Located in dominant retail corridor less than one mile from main entrance into Stephen F. Austin University!
The Asset is Situated on a large ±2.17-acre lot (across the street from AMC Theatre Anchored Retail Center) with excellent drive-by visibility/access on North St where traffic counts exceeding 24,890 CPD! Nearby retailers include Walmart, Lowe’s Home Improvement, Hobby Lobby, Ashley, Ivan Smith Furniture, Atwoods Ranch & Home, Ollie’s Bargain Outlet, Dirt Cheap, Aaron’s, Buddy’s Home Furnishings, Kroger, Brookshire Brothers, Staples, Sally Beauty, Petsense, Maurices, Belk, Cato, CitiTrends, Boot Barn, Hibbett Sports, Dollar General, Dollar Tree, Family Dollar, Tractor Supply Co., Harbor Freight Tools, Walgreens, AutoZone, O’Reilly Auto Parts, Planet Fitness, Anytime Fitness, and AMC Theatres. Freddy’s is 1 mile from Stephen F. Austin State University – a public university offering 120+ majors & areas of study with total enrollment of research university with 11,327 (Fall 2022); 1 mile from Nacogdoches Medical Center – a general medical & surgical hospital with 153 beds; 2 miles from Nacogdoches Memorial Health Hospital – a teaching, general medical & surgical hospital with 216 beds.
The Asset is Situated on a large ±2.17-acre lot (across the street from AMC Theatre Anchored Retail Center) with excellent drive-by visibility/access on North St where traffic counts exceeding 24,890 CPD! Nearby retailers include Walmart, Lowe’s Home Improvement, Hobby Lobby, Ashley, Ivan Smith Furniture, Atwoods Ranch & Home, Ollie’s Bargain Outlet, Dirt Cheap, Aaron’s, Buddy’s Home Furnishings, Kroger, Brookshire Brothers, Staples, Sally Beauty, Petsense, Maurices, Belk, Cato, CitiTrends, Boot Barn, Hibbett Sports, Dollar General, Dollar Tree, Family Dollar, Tractor Supply Co., Harbor Freight Tools, Walgreens, AutoZone, O’Reilly Auto Parts, Planet Fitness, Anytime Fitness, and AMC Theatres. Freddy’s is 1 mile from Stephen F. Austin State University – a public university offering 120+ majors & areas of study with total enrollment of research university with 11,327 (Fall 2022); 1 mile from Nacogdoches Medical Center – a general medical & surgical hospital with 153 beds; 2 miles from Nacogdoches Memorial Health Hospital – a teaching, general medical & surgical hospital with 216 beds.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,148 SF
Building Class
B
Year Built
2023
Price
$3,391,000
Price Per SF
$1,077
Cap Rate
5.75%
NOI
$194,983
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.17 AC
Zoning
C - Commercial
AMENITIES
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
Parcel Number | 26420 | Improvements Assessment | $708,190 |
Land Assessment | $362,390 | Total Assessment | $1,070,580 |
PROPERTY TAXES
Parcel Number
26420
Land Assessment
$362,390
Improvements Assessment
$708,190
Total Assessment
$1,070,580
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