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Restaurant

Twin Peaks

TX-1604 Loop, Live Oak, TX 78233

Listing Price: $5,000,000

Cap Rate
5.00%
Tenant Name
Twin Peaks
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
6,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.46

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Twin Peaks restaurant located at the southwest intersection of Loop 1604 and Interstate Highway 35 in Live Oak, Texas. The property consists of approximately 6,500 square feet of building space and is situated on roughly 2.40 acres of land. This Twin Peaks will be a brand-new construction that is set to open for business in 2022. It will be subject to a 20-year sale-leaseback with rent set to commence upon the close of escrow. Base rent will be $250,000 each year with rental increases of 8.0% every five (5) years that will continue throughout the four (4), five (5)-year tenant renewal options.

Investment Highlights

  • Brand-New Construction -Expected to Open for Business in 2022
  • Brand-New, 20-Year Sale-Leaseback
  • Triple-Net Lease with Zero Landlord Responsibilities

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

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Restaurant

Twin Peaks

Listing Price: $5,000,000

Cap Rate
5.00%
Tenant Name
Twin Peaks
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
6,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.46

Investment Highlights

  • Brand-New Construction -Expected to Open for Business in 2022
  • Brand-New, 20-Year Sale-Leaseback
  • Triple-Net Lease with Zero Landlord Responsibilities

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Twin Peaks restaurant located at the southwest intersection of Loop 1604 and Interstate Highway 35 in Live Oak, Texas. The property consists of approximately 6,500 square feet of building space and is situated on roughly 2.40 acres of land. This Twin Peaks will be a brand-new construction that is set to open for business in 2022. It will be subject to a 20-year sale-leaseback with rent set to commence upon the close of escrow. Base rent will be $250,000 each year with rental increases of 8.0% every five (5) years that will continue throughout the four (4), five (5)-year tenant renewal options.

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

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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