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Restaurant

Popeyes w/ Drive Thru | Texas | 20 Year Absolute Net Lease | 2024 Complete Renovation | Hard Corner

600 W California St, Gainesville (Texoma Region), TX 76240

Listing Price: $2,818,181

Cap Rate
5.50%
Tenant Name
Popeyes
Years Remaining On Lease
19.9
Gross SF
2,857
Guarantor
Franchisee Guarantee
Rentable SF
2,857
Price/Gross SF
$986.41
Lease Type
Absolute Net
Rent Per Square Feet
$54.25

Investment Overview

Gainesville, TX, is a vibrant and strategically located city in North Texas, positioned along the busy Interstate 35 corridor. This prime location connects Dallas-Fort Worth to Oklahoma and beyond, ensuring consistent traffic from commuters, travelers, and tourists. As the county seat of Cooke County, Gainesville serves as a commercial and cultural hub for the surrounding region, drawing residents and visitors alike.

The city is well-known for its proximity to WinStar World Casino, one of the largest casinos in the world, located just across the Oklahoma border. This major tourist destination attracts millions of visitors annually, many of whom travel through Gainesville and contribute to the local economy.

Gainesville’s historic downtown district is another key attraction, offering a blend of charming architecture, unique shopping, and dining experiences. The area regularly hosts community events and festivals, creating additional opportunities for businesses to thrive.

Outdoor enthusiasts are drawn to nearby Lake Ray Roberts and local parks, which provide opportunities for fishing, camping, and hiking. These recreational destinations bring steady traffic to the area, particularly on weekends and holidays.

Additionally, Gainesville is home to North Central Texas College, a key educational institution that supports a robust student and faculty presence, further enhancing the city’s consumer base.

The city’s growing population, combined with its tourist appeal and strategic location, creates a dynamic environment for businesses to flourish. With strong regional connections and a steady flow of visitors and residents, Gainesville offers a unique blend of small-town charm and economic opportunity, making it a prime location for retail and dining establishments.

Investment Highlights

  • 20 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. 2024 Complete Renovation.
  • Positioned Along Area's Traffic and Retail Corridor - Features Easy Access & Excellent Visibility: Signalized Hard Corner Location with Daily Traffic Counts Exceeding 14k Vehicles.
  • Immediate Access to/from Interstate 35 (54k+ VPD) - The Site Benefits from Nonstop Traffic Flow, connecting Dallas to Oklahoma City, attracting Travelers and Locals alike for Quick, Convenient Dining.
  • Walking Distance from Leonard Park - 30-Acre Community Park that features a Family-Friendly Zoo, Playgrounds, Sports Fields, Picnic Areas and a historic Miniature Train, making it a Popular Destination for Recreation and Community Events.
  • Minutes from North Texas Medical Center - a 60-bed acute care hospital providing vital healthcare services, supporting community well-being, and serving as a critical resource for Cooke County and surrounding areas.
  • Near Numerous National Retailers including Walmart Supercenter, The Home Depot, Tractor Supply Co, Hibbett Sports, Big Lots, Harbor Freight, Tom Thumb, CVS Pharmacy and many more.
  • In Close Proximity to NCTC Gainesville Campus North Central Texas College - the Flagship Campus of the NCTC system, spanning 110 acres providing a wide range of academic programs with more than 10k Students Currently Enrolled.
  • Less than 3 Miles from Gainesville Municipal Airport - a public-use general aviation facility. Accommodates various aircraft, from small single-engine planes to larger jets, recording more than 24k aircraft operations annually.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Restaurant

Popeyes w/ Drive Thru | Texas | 20 Year Absolute Net Lease | 2024 Complete Renovation | Hard Corner

Listing Price: $2,818,181

Cap Rate
5.50%
Tenant Name
Popeyes
Years Remaining On Lease
19.9
Gross SF
2,857
Guarantor
Franchisee Guarantee
Rentable SF
2,857
Price/Gross SF
$986.41
Lease Type
Absolute Net
Rent Per Square Feet
$54.25

Investment Highlights

  • 20 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. 2024 Complete Renovation.
  • Positioned Along Area's Traffic and Retail Corridor - Features Easy Access & Excellent Visibility: Signalized Hard Corner Location with Daily Traffic Counts Exceeding 14k Vehicles.
  • Immediate Access to/from Interstate 35 (54k+ VPD) - The Site Benefits from Nonstop Traffic Flow, connecting Dallas to Oklahoma City, attracting Travelers and Locals alike for Quick, Convenient Dining.
  • Walking Distance from Leonard Park - 30-Acre Community Park that features a Family-Friendly Zoo, Playgrounds, Sports Fields, Picnic Areas and a historic Miniature Train, making it a Popular Destination for Recreation and Community Events.
  • Minutes from North Texas Medical Center - a 60-bed acute care hospital providing vital healthcare services, supporting community well-being, and serving as a critical resource for Cooke County and surrounding areas.
  • Near Numerous National Retailers including Walmart Supercenter, The Home Depot, Tractor Supply Co, Hibbett Sports, Big Lots, Harbor Freight, Tom Thumb, CVS Pharmacy and many more.
  • In Close Proximity to NCTC Gainesville Campus North Central Texas College - the Flagship Campus of the NCTC system, spanning 110 acres providing a wide range of academic programs with more than 10k Students Currently Enrolled.
  • Less than 3 Miles from Gainesville Municipal Airport - a public-use general aviation facility. Accommodates various aircraft, from small single-engine planes to larger jets, recording more than 24k aircraft operations annually.

Investment Overview

Gainesville, TX, is a vibrant and strategically located city in North Texas, positioned along the busy Interstate 35 corridor. This prime location connects Dallas-Fort Worth to Oklahoma and beyond, ensuring consistent traffic from commuters, travelers, and tourists. As the county seat of Cooke County, Gainesville serves as a commercial and cultural hub for the surrounding region, drawing residents and visitors alike. The city is well-known for its proximity to WinStar World Casino, one of the largest casinos in the world, located just across the Oklahoma border. This major tourist destination attracts millions of visitors annually, many of whom travel through Gainesville and contribute to the local economy. Gainesville’s historic downtown district is another key attraction, offering a blend of charming architecture, unique shopping, and dining experiences. The area regularly hosts community events and festivals, creating additional opportunities for businesses to thrive. Outdoor enthusiasts are drawn to nearby Lake Ray Roberts and local parks, which provide opportunities for fishing, camping, and hiking. These recreational destinations bring steady traffic to the area, particularly on weekends and holidays. Additionally, Gainesville is home to North Central Texas College, a key educational institution that supports a robust student and faculty presence, further enhancing the city’s consumer base. The city’s growing population, combined with its tourist appeal and strategic location, creates a dynamic environment for businesses to flourish. With strong regional connections and a steady flow of visitors and residents, Gainesville offers a unique blend of small-town charm and economic opportunity, making it a prime location for retail and dining establishments.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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