Restaurant
Ojos Locos
1405 W Expy 83, Weslaco, TX 78596
Listing Price: $5,217,391
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the Ojos Locos Sports Cantina located at 1405 W Expressway 83 in Weslaco, Texas. The subject property will consist of approximately 6,500 rentable square feet and is situated on roughly 2.37 acres of land. The property is subject to a brand-new, 20-year sale-leaseback that will commence upon the close of escrow. The base rent will be $300,000 and is scheduled to increase by 7.50% every five years, continuing throughout four (4), five (5)-year tenant renewal options.
Ojos Locos
Investment Highlights
- 20-Year Triple-Net (NNN) Sale-Leaseback: At closing the tenant will execute a brand-new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities
- Corporate Guaranty: The lease will carry a corporate guaranty from CEH SPE, LLC, the parent company of Ojos Locos
- Brand-New Construction: The property is projected to open for business in Q4 of 2022
Exclusively Listed By
Broker of Record
Listing Price: $5,217,391
Investment Highlights
- 20-Year Triple-Net (NNN) Sale-Leaseback: At closing the tenant will execute a brand-new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities
- Corporate Guaranty: The lease will carry a corporate guaranty from CEH SPE, LLC, the parent company of Ojos Locos
- Brand-New Construction: The property is projected to open for business in Q4 of 2022
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the Ojos Locos Sports Cantina located at 1405 W Expressway 83 in Weslaco, Texas. The subject property will consist of approximately 6,500 rentable square feet and is situated on roughly 2.37 acres of land. The property is subject to a brand-new, 20-year sale-leaseback that will commence upon the close of escrow. The base rent will be $300,000 and is scheduled to increase by 7.50% every five years, continuing throughout four (4), five (5)-year tenant renewal options.
Exclusively Listed By
Broker of Record
