Restaurant
Hooters
98 Bass Pro Drive, Harlingen, TX 78552
Listing Price: $3,645,600
Cap Rate
6.25%
Tenant Name
Hooters
Years Remaining On Lease
11.3
Guarantor
Corporate Guarantee
Rentable SF
5,720
Lease Type
Absolute Net
Rent Per Square Feet
$39.83
Investment Overview
See Highlights
Hooters
Investment Highlights
- Absolute Net Lease - Subject property includes an absolute net lease with no landlord responsibilities. Additionally a corporate guarantee ensures consistent and reliable rent payments.
- Strategic Location - Prime location situated among well-known national retailers, including Bass Pro Shops, Target, Chipotle, Chick-fil-A, Walmart Supercenter, and more.
- High Visibility - Located at the intersection of two major highways, the property has extremely strong traffic counts with over 69,000 VPD on Interstate 2 and 92,000 VPD on US-77.
- New Construction - The property was built in 2017, showcasing Hooters attractive up-to-date and modern floor plan, providing long-term value and minimal maintenance.
- Long Lease Term - Roughly 12 years of lease term remains with four, five-year renewal options shows the tenants commitment to the site and location.
Exclusively Listed By
Listing Price: $3,645,600
Cap Rate
6.25%
Tenant Name
Hooters
Years Remaining On Lease
11.3
Guarantor
Corporate Guarantee
Rentable SF
5,720
Lease Type
Absolute Net
Rent Per Square Feet
$39.83
Investment Highlights
- Absolute Net Lease - Subject property includes an absolute net lease with no landlord responsibilities. Additionally a corporate guarantee ensures consistent and reliable rent payments.
- Strategic Location - Prime location situated among well-known national retailers, including Bass Pro Shops, Target, Chipotle, Chick-fil-A, Walmart Supercenter, and more.
- High Visibility - Located at the intersection of two major highways, the property has extremely strong traffic counts with over 69,000 VPD on Interstate 2 and 92,000 VPD on US-77.
- New Construction - The property was built in 2017, showcasing Hooters attractive up-to-date and modern floor plan, providing long-term value and minimal maintenance.
- Long Lease Term - Roughly 12 years of lease term remains with four, five-year renewal options shows the tenants commitment to the site and location.
Investment Overview
See Highlights
Exclusively Listed By
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