Restaurant
Casa Olé - Vidor, Texas
1015 N Main St, Vidor, TX 77662
Listing Price: $1,907,775
Investment Overview
Marcus & Millichap is pleased to exclusively list for sale a freestanding, absolute triple-net restaurant located at 1015 North Main Street in Vidor, Texas. The 3,874-square-foot building is situated on approximately 1.21 acres. The Property, known as Casa Olé Vidor, is located on the main retail throughfare in Vidor and is close to Interstate 10.
Casa Olé is on an absolute triple-net lease, which provides a buyer with a hands-off investment. There is approximately nine years of lease term remaining. The tenant’s lease agreement is guaranteed by Mexican Restaurants, Inc., who owns five brands and over thirty locations across three states. Placer.ai ranks the Property in the top 86 percent of Casa Olé locations nationwide. Casa Olé Vidor is listed for sale at an 8 percent cap rate. A buyer’s return will increase overtime due to annual rent increases of 1.5 percent. Tenant has one 10-year option with the same 1.5 percent annual increases.
Nearby retailers include: McDonald's, Popeyes, Whataburger, Burger King, Domino's, and Dairy Queen.
Casa Olé - Vidor, Texas
Investment Highlights
- Absolute NNN Lease Restaurant: No Landlord Responsibilities
- New 10 Year Term: Great Sales
- Annual Increases of 1.5 Percent: One Ten Year Option
- Located Near Interstate 10 (72,800+ Vehicles Per Day) on North Main Street (27,400 Vehicles Per Day) | Fronts the Main Retail Thoroughfare in Vidor
- National Retailers Nearby
Exclusively Listed By
Financing By
Listing Price: $1,907,775
Investment Highlights
- Absolute NNN Lease Restaurant: No Landlord Responsibilities
- New 10 Year Term: Great Sales
- Annual Increases of 1.5 Percent: One Ten Year Option
- Located Near Interstate 10 (72,800+ Vehicles Per Day) on North Main Street (27,400 Vehicles Per Day) | Fronts the Main Retail Thoroughfare in Vidor
- National Retailers Nearby
Investment Overview
Marcus & Millichap is pleased to exclusively list for sale a freestanding, absolute triple-net restaurant located at 1015 North Main Street in Vidor, Texas. The 3,874-square-foot building is situated on approximately 1.21 acres. The Property, known as Casa Olé Vidor, is located on the main retail throughfare in Vidor and is close to Interstate 10. Casa Olé is on an absolute triple-net lease, which provides a buyer with a hands-off investment. There is approximately nine years of lease term remaining. The tenant’s lease agreement is guaranteed by Mexican Restaurants, Inc., who owns five brands and over thirty locations across three states. Placer.ai ranks the Property in the top 86 percent of Casa Olé locations nationwide. Casa Olé Vidor is listed for sale at an 8 percent cap rate. A buyer’s return will increase overtime due to annual rent increases of 1.5 percent. Tenant has one 10-year option with the same 1.5 percent annual increases. Nearby retailers include: McDonald's, Popeyes, Whataburger, Burger King, Domino's, and Dairy Queen.
Exclusively Listed By
Financing By
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