Skip to main content

Restaurant

1917 TX-16 S

1917 TX-16 S, Graham, TX 76450

Listing Price: $296,000

Cap Rate
8.02%
Tenant Name
Mi Familia Mexican Restaurant
Years Remaining On Lease
2.2
Gross SF
3,480
Guarantor
No Guarantee
Rentable SF
3,480
Price/Gross SF
$85.06
Lease Type
Double Net
Rent Per Square Feet
$9.31

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 1917 TX-16 S, a 3,480-square-foot, freestanding restaurant in Graham, Texas, constructed on a .33-acre lot, and situated along TX-16 in a retail corridor that includes Walmart Supercenter, Dollar General, O'Reilly Auto Parts, Dollar Tree, United supermarkets, McDonald's and more. The subject property is leased to Mi Familia Mexican Restaurant who has strong operations and continued success for more than 20 years, with a rating of 4.3 stars from 380 Google reviews. The lease has approximately 2.5 years remaining with one three-year renewal option at market rent. The city of Graham is located approximately 80 miles west of Fort Worth. This strategic location on Texas Highways 114, 16, 67 and 380 makes Graham the economic hub for the region.

Investment Highlights

  • Walmart Supercenter Shadow-Anchored in Dense Retail Corridor
  • 20+ Years of Operational History at this Location
  • Highest Traffic Count in the City is Directly in Front of Subject Property (15,629 VPD)
  • Frontage on Hwy 16 with Excellent Visibility / Access and Multiple Ingress / Egress Points
  • Well Below Market Rent | Replaceable Income
  • Below Construction Cost at $85 Price Per Square-Foot

Exclusively Listed By

Restaurant

1917 TX-16 S

Listing Price: $296,000

Cap Rate
8.02%
Tenant Name
Mi Familia Mexican Restaurant
Years Remaining On Lease
2.2
Gross SF
3,480
Guarantor
No Guarantee
Rentable SF
3,480
Price/Gross SF
$85.06
Lease Type
Double Net
Rent Per Square Feet
$9.31

Investment Highlights

  • Walmart Supercenter Shadow-Anchored in Dense Retail Corridor
  • 20+ Years of Operational History at this Location
  • Highest Traffic Count in the City is Directly in Front of Subject Property (15,629 VPD)
  • Frontage on Hwy 16 with Excellent Visibility / Access and Multiple Ingress / Egress Points
  • Well Below Market Rent | Replaceable Income
  • Below Construction Cost at $85 Price Per Square-Foot

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 1917 TX-16 S, a 3,480-square-foot, freestanding restaurant in Graham, Texas, constructed on a .33-acre lot, and situated along TX-16 in a retail corridor that includes Walmart Supercenter, Dollar General, O'Reilly Auto Parts, Dollar Tree, United supermarkets, McDonald's and more. The subject property is leased to Mi Familia Mexican Restaurant who has strong operations and continued success for more than 20 years, with a rating of 4.3 stars from 380 Google reviews. The lease has approximately 2.5 years remaining with one three-year renewal option at market rent. The city of Graham is located approximately 80 miles west of Fort Worth. This strategic location on Texas Highways 114, 16, 67 and 380 makes Graham the economic hub for the region.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower