Restaurant

Taco Cabana

2393 S. Stemmons Fwy, Lewisville , TX 75076

Listing Price: $1,934,743

Cap Rate
5.65%
Tenant Name
Texas Taco Cabana, LP
Years Remaining On Lease
10.40
Gross SF
3,235
Guarantor
Corporate Guarantee
Rentable SF
3,235
Price/Gross SF
$598.07
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.79

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Taco Cabana located at 2393 S. Stemmons Fwy in Lewisville, TX. The property consists of 3,235 square feet of building space and is situated on roughly 0.49 acres of land. The tenant, Texas Taco Cabana, LP (a subsidiary company of Fiesta Restaurant Group), has approximately 11.9 years remaining on the original 20 year triple-net (NNN) lease. The current annual rent is $109,313 and is subject to increase by one percent (1.0%) annually starting in Year 11. There are four, five-year tenant renewal options, extending the total possible lease term to 31 years.

Investment Highlights

  • Original 20-Year Absolute Triple Net (NNN) Lease with 11+ Years Remaining
  • Attractive Rental Increases of One Percent (1.0%) Annually Starting in Year 11
  • Tenant Renewal Options: Four Periods of Five-Years
  • Corporate Guarantee | Fiesta Restaurant Group

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    License(s): TX: 0606255

    Texas

Listing Price: $1,934,743

Cap Rate
5.65%
Tenant Name
Texas Taco Cabana, LP
Years Remaining On Lease
10.40
Gross SF
3,235
Guarantor
Corporate Guarantee
Rentable SF
3,235
Price/Gross SF
$598.07
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.79

Investment Highlights

  • Original 20-Year Absolute Triple Net (NNN) Lease with 11+ Years Remaining
  • Attractive Rental Increases of One Percent (1.0%) Annually Starting in Year 11
  • Tenant Renewal Options: Four Periods of Five-Years
  • Corporate Guarantee | Fiesta Restaurant Group

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Taco Cabana located at 2393 S. Stemmons Fwy in Lewisville, TX. The property consists of 3,235 square feet of building space and is situated on roughly 0.49 acres of land. The tenant, Texas Taco Cabana, LP (a subsidiary company of Fiesta Restaurant Group), has approximately 11.9 years remaining on the original 20 year triple-net (NNN) lease. The current annual rent is $109,313 and is subject to increase by one percent (1.0%) annually starting in Year 11. There are four, five-year tenant renewal options, extending the total possible lease term to 31 years.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    License(s): TX: 0606255

    Texas

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