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$1 No Reserve Auction – Mi Familia Restaurant | $23,728 NOI

1917 TX-16, Graham, TX 76450

Listing Price: $1

Rentable SF
3,480
Lot Size
0.33 acres
Year Built
1983

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap and RI Marketplace are pleased to present 1917 TX-16 South in Graham, Texas approximately 80 miles west of Fort Worth. The Property is a 3,480 SF freestanding restaurant building constructed on a 0.33-acre lot. The Property is well 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 years remaining with one three-year renewal option at market rent. The city of Graham is located approximately 80 miles west of Fort Worth. The city is the county seat and largest city of Young County. This strategic location on Texas Highways 114, 16, 67 and 380 makes Graham the economic hub for the region. The Property benefits from prime frontage and visibility along Texas Highway 16 with traffic counts of 15,629 vehicles per day.

Investment Highlights

  • ABSOLUTE $1 AUCTION | ±23,728 NOI | AUCTION JUNE 5-7, 2023
  • Walmart Adjacent Outparcel in Dense Retail Corridor
  • 20+ Years of Operational History at this Location with One, 3-Year Option Remaining
  • Highest Traffic Count in the City is Directly in Front of Subject Property (15,629 VPD)
  • Prime Retail Corridor including Walmart, Dollar General, O'Reilly Auto Parts, Dollar Tree, United Supermarkets, McDonald's and more
  • Well Below Market Rent | Replaceable Income
  • Absolute $1 Auction – NO RESERVE

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Shopping Neighborhood

$1 No Reserve Auction – Mi Familia Restaurant | $23,728 NOI

Listing Price: $1

Rentable SF
3,480
Lot Size
0.33 acres
Year Built
1983

Investment Highlights

  • ABSOLUTE $1 AUCTION | ±23,728 NOI | AUCTION JUNE 5-7, 2023
  • Walmart Adjacent Outparcel in Dense Retail Corridor
  • 20+ Years of Operational History at this Location with One, 3-Year Option Remaining
  • Highest Traffic Count in the City is Directly in Front of Subject Property (15,629 VPD)
  • Prime Retail Corridor including Walmart, Dollar General, O'Reilly Auto Parts, Dollar Tree, United Supermarkets, McDonald's and more
  • Well Below Market Rent | Replaceable Income
  • Absolute $1 Auction – NO RESERVE

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap and RI Marketplace are pleased to present 1917 TX-16 South in Graham, Texas approximately 80 miles west of Fort Worth. The Property is a 3,480 SF freestanding restaurant building constructed on a 0.33-acre lot. The Property is well 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 years remaining with one three-year renewal option at market rent. The city of Graham is located approximately 80 miles west of Fort Worth. The city is the county seat and largest city of Young County. This strategic location on Texas Highways 114, 16, 67 and 380 makes Graham the economic hub for the region. The Property benefits from prime frontage and visibility along Texas Highway 16 with traffic counts of 15,629 vehicles per day.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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