Vacant-User

3110 S. Shiloh Road

3110 S Shiloh Rd, Garland, TX 75041

Listing Price: $700,000

Cap Rate
11.12%
Gross SF
1,627
Rentable SF
1,627
Price/Gross SF
$430.24
Lot Size
0.49 acres
Year Built
2000

Investment Overview

The subject property is a former Wienerschitzel location that has one year remaining on the original lease term, which expires on July 31st, 2021. This provides an investor with ample time to reposition the property through signing a long-term lease with a new tenant, or redeveloping the site. The subject property is zoned CR Commercial Retail, which allows for a wide variety of commercial uses. The original tenant is currently subleasing the property to a local restaurant. Per owner, the original tenant has continued to make rent payments throughout 2020.

Investment Highlights

  • Four-Way Signalized Hard-Corner Location
  • 36,000+ Average Daily Traffic Counts
  • Repositioning Opportunity / Est. One Year Remaining on the Lease

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 0432723

    Texas

Listing Price: $700,000

Cap Rate
11.12%
Gross SF
1,627
Rentable SF
1,627
Price/Gross SF
$430.24
Lot Size
0.49 acres
Year Built
2000

Investment Highlights

  • Four-Way Signalized Hard-Corner Location
  • 36,000+ Average Daily Traffic Counts
  • Repositioning Opportunity / Est. One Year Remaining on the Lease

Investment Overview

The subject property is a former Wienerschitzel location that has one year remaining on the original lease term, which expires on July 31st, 2021. This provides an investor with ample time to reposition the property through signing a long-term lease with a new tenant, or redeveloping the site. The subject property is zoned CR Commercial Retail, which allows for a wide variety of commercial uses. The original tenant is currently subleasing the property to a local restaurant. Per owner, the original tenant has continued to make rent payments throughout 2020.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 0432723

    Texas

MM Texture Background
MM Textured Background Lower