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Restaurant

Casa Olé

915 U.S. 96 S, Silsbee, TX 77656

Listing Price: $2,168,000

Cap Rate
7.25%
Tenant Name
Casa Olé
Years Remaining On Lease
7.4
Gross SF
4,200
Guarantor
Corporate Guarantee
Rentable SF
4,200
Price/Gross SF
$516.19
Lease Type
Absolute Net
Rent Per Square Feet
$37.41

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Casa Olé in Silsbee, Texas. The property consists of a 4,200-square foot, freestanding building that sits on approximately 0.93 acres of land. There are approximately 7.4 years remaining on the current lease term, with 1.5% annual rental escalations. The property has excellent access and visibility on 5th Street, where traffic counts exceed 16,031 vehicles per day. The area is extremely dense with more than 19,636 residents within a five-mile radius. Surrounding retailers in the immediate area include Brookshire Brothers, Sonic Drive-In, Whataburger, Subway, Jack in the Box, Taco Bell, CVS Pharmacy, McDonald’s, Walgreens, and many more. Silsbee is the principal commercial center of Hardin County and part of the Beaumont–Port Arthur MSA. This city is 21 miles from Beaumont and 100 miles northeast of Houston.

Investment Highlights

  • Absolute Net Lease with Approximately 7.4 Years Remaining
  • 1.5 Percent Annual Rental Escalations
  • Corporate Guaranty from a Mexican Restaurants, Inc., an Established Regional Company
  • Excellent Access and Visibility on Highway 96, Where Traffic Counts Exceed 16,031 VPD
  • More than 19,636 Residents Within a Five-Mile Radius
  • Large 0.93 Acre Parcel with Ample Parking and Multiple Access Points

Exclusively Listed By

Listing Price: $2,168,000

Cap Rate
7.25%
Tenant Name
Casa Olé
Years Remaining On Lease
7.4
Gross SF
4,200
Guarantor
Corporate Guarantee
Rentable SF
4,200
Price/Gross SF
$516.19
Lease Type
Absolute Net
Rent Per Square Feet
$37.41

Investment Highlights

  • Absolute Net Lease with Approximately 7.4 Years Remaining
  • 1.5 Percent Annual Rental Escalations
  • Corporate Guaranty from a Mexican Restaurants, Inc., an Established Regional Company
  • Excellent Access and Visibility on Highway 96, Where Traffic Counts Exceed 16,031 VPD
  • More than 19,636 Residents Within a Five-Mile Radius
  • Large 0.93 Acre Parcel with Ample Parking and Multiple Access Points

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Casa Olé in Silsbee, Texas. The property consists of a 4,200-square foot, freestanding building that sits on approximately 0.93 acres of land. There are approximately 7.4 years remaining on the current lease term, with 1.5% annual rental escalations. The property has excellent access and visibility on 5th Street, where traffic counts exceed 16,031 vehicles per day. The area is extremely dense with more than 19,636 residents within a five-mile radius. Surrounding retailers in the immediate area include Brookshire Brothers, Sonic Drive-In, Whataburger, Subway, Jack in the Box, Taco Bell, CVS Pharmacy, McDonald’s, Walgreens, and many more. Silsbee is the principal commercial center of Hardin County and part of the Beaumont–Port Arthur MSA. This city is 21 miles from Beaumont and 100 miles northeast of Houston.

Exclusively Listed By

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