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Restaurant

Popeyes w/ Drive-Thru | Outside Fort Worth MSA | 20 Year Absolute Net Ground Sale Leaseback

2501 E Hubbard St, Mineral Wells, TX 76067

Listing Price: $2,836,364

Cap Rate
5.50%
Tenant Name
Popeyes
Years Remaining On Lease
20.2
Gross SF
2,400
Guarantor
Franchisee Guarantee
Rentable SF
2,400
Price/Gross SF
$1,181.82
Lease Type
NNN Ground Lease
Rent Per Square Feet
$65.00

Investment Overview

Nestled in the heart of Texas, Mineral Wells exudes small-town warmth and a welcoming community spirit. Renowned for its therapeutic mineral springs, the city has a rich history as a health resort destination. The historic Baker Hotel, a local landmark, adds a touch of nostalgia and architectural grandeur. Nature enthusiasts will appreciate the nearby state parks and scenic beauty, providing ample opportunities for outdoor activities. The community values its heritage, evident in events and festivals celebrating the city’s history. With friendly locals, a relaxed atmosphere, and a commitment to preserving its unique character, Mineral Wells offers a delightful escape for those seeking a blend of history, nature, and genuine Southern hospitality. Historically known for its mineral springs, which attracted health-seekers from far and wide in the early 20th century, the city’s economy had a foundation in the health and hospitality sectors. While the health resort era has evolved, echoes of this history remain in attractions like the Famous Mineral Water Company. Presently, the city’s economy is diversified, encompassing sectors such as healthcare, education, and tourism. Mineral Wells has experienced fluctuations in its population over the years. The city’s historical significance as a health resort destination during the early 20th century attracted a substantial population, but changes in economic dynamics and societal trends have influenced its growth. Despite variations, Mineral Wells remains a tight-knit community with a mix of historic charm and modern amenities, catering to both long-time residents and those who appreciate its unique history and scenic surroundings.

Investment Highlights

  • 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2024 Construction & Features a Drive-Thru.
  • Positioned Along Area's Major Retail & Traffic Corridor - Features Easy Access & Excellent Visibility along E Hubbard St / Hwy 180, the main thoroughfare through Mineral Wells.
  • Mineral Wells sits just 40 Miles from Fort Worth, and benefits from Proximity to the Dallas Fort Worth MSA, which has been dubbed the "Silicon Prairie."
  • In Close Proximity to Numerous National Retailers Including Walmart Supercenter, Tractor Supply, Harbor Freight, CVS Pharmacy, Walgreens, Atwoods and many more.
  • The Site is Located near the City's Industrial Hub - Surrounded by Numerous Light Industrial, Manufacturing Plants and Distribution Centers.
  • Minutes from Fort Wolters - Formerly a United States Military Installation now used as an Industrial Park, and a Training Center for the Texas Army National Guard.
  • Walking Distance from Brazos Shopping Center - a Shopping Center Anchored by a Movie Theater, Bowling Alley and features more than 30 Retail Stores and Restaurants.
  • A Short Drive from Mineral Wells Airport - Offers General Aviation, Corporate Flights, and Military Training with two Runways. It hosts Aviation Businesses and Amenities, Contributing Significantly to Local Economic Development.

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 | Outside Fort Worth MSA | 20 Year Absolute Net Ground Sale Leaseback

Listing Price: $2,836,364

Cap Rate
5.50%
Tenant Name
Popeyes
Years Remaining On Lease
20.2
Gross SF
2,400
Guarantor
Franchisee Guarantee
Rentable SF
2,400
Price/Gross SF
$1,181.82
Lease Type
NNN Ground Lease
Rent Per Square Feet
$65.00

Investment Highlights

  • 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2024 Construction & Features a Drive-Thru.
  • Positioned Along Area's Major Retail & Traffic Corridor - Features Easy Access & Excellent Visibility along E Hubbard St / Hwy 180, the main thoroughfare through Mineral Wells.
  • Mineral Wells sits just 40 Miles from Fort Worth, and benefits from Proximity to the Dallas Fort Worth MSA, which has been dubbed the "Silicon Prairie."
  • In Close Proximity to Numerous National Retailers Including Walmart Supercenter, Tractor Supply, Harbor Freight, CVS Pharmacy, Walgreens, Atwoods and many more.
  • The Site is Located near the City's Industrial Hub - Surrounded by Numerous Light Industrial, Manufacturing Plants and Distribution Centers.
  • Minutes from Fort Wolters - Formerly a United States Military Installation now used as an Industrial Park, and a Training Center for the Texas Army National Guard.
  • Walking Distance from Brazos Shopping Center - a Shopping Center Anchored by a Movie Theater, Bowling Alley and features more than 30 Retail Stores and Restaurants.
  • A Short Drive from Mineral Wells Airport - Offers General Aviation, Corporate Flights, and Military Training with two Runways. It hosts Aviation Businesses and Amenities, Contributing Significantly to Local Economic Development.

Investment Overview

Nestled in the heart of Texas, Mineral Wells exudes small-town warmth and a welcoming community spirit. Renowned for its therapeutic mineral springs, the city has a rich history as a health resort destination. The historic Baker Hotel, a local landmark, adds a touch of nostalgia and architectural grandeur. Nature enthusiasts will appreciate the nearby state parks and scenic beauty, providing ample opportunities for outdoor activities. The community values its heritage, evident in events and festivals celebrating the city’s history. With friendly locals, a relaxed atmosphere, and a commitment to preserving its unique character, Mineral Wells offers a delightful escape for those seeking a blend of history, nature, and genuine Southern hospitality. Historically known for its mineral springs, which attracted health-seekers from far and wide in the early 20th century, the city’s economy had a foundation in the health and hospitality sectors. While the health resort era has evolved, echoes of this history remain in attractions like the Famous Mineral Water Company. Presently, the city’s economy is diversified, encompassing sectors such as healthcare, education, and tourism. Mineral Wells has experienced fluctuations in its population over the years. The city’s historical significance as a health resort destination during the early 20th century attracted a substantial population, but changes in economic dynamics and societal trends have influenced its growth. Despite variations, Mineral Wells remains a tight-knit community with a mix of historic charm and modern amenities, catering to both long-time residents and those who appreciate its unique history and scenic surroundings.

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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