Restaurant

El Charro (Absolute Net)

1502 Corsicana Hwy, Hillsboro, TX 76645

Listing Price: $938,000

Cap Rate
8.00%
Tenant Name
El Charro
Years Remaining On Lease
8.70
Gross SF
5,605
Guarantor
Corporate Guarantee
Rentable SF
5,605
Price/Gross SF
$167.35
Lease Type
Absolute Net
Rent Per Square Feet
$13.38

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease El Charro Mexican Restaurant in Hillsboro, TX. The property consists of a 5,605-square foot, freestanding building that sits on approximately 0.98 acres of land. There are approximately 8.6 years remaining on the current lease term, with a 16 percent rental escalation scheduled in 2021, with additional increases thereafter. Located along Interstate 35, the subject property has easy on-off access to one of the main highway routes between Dallas, Waco, Austin and San Antonio. The property has excellent access and visibility on Corsicana Highway in proximity to Interstate 35; combined traffic counts exceed 83,863 vehicles per day. El Charro is in the main retail corridor of the city and is near The Outlets at Hillsboro (0.3 miles) and several hotels. hotels. Surrounding retailers in the immediate area include Walmart Supercenter, Dirt Cheap, Dairy Queen, 7-Eleven, IHOP, Schlotzsky’s, Wells Fargo, Starbucks, Dickey’s Barbeque Pit, Whataburger and many more.

Investment Highlights

  • Absolute Net Lease with Approximately 8.6 Years Remaining
  • Priced Below Replacement Cost at $167.35 Per Square Foot
  • Highway Location - Combined Traffic Counts on Corsicana Highway and Interstate 35 Exceed 83,863 VPD
  • Easy On-Off Access on Interstate 35, the Main Route between Dallas, Waco, Austin and San Antonio
  • Large 0.98 Acres Parcel with Ample Parking and Multiple Access Points
  • Heavy Retail Corridor - Outlets at Hillsboro (0.3 miles away) and Several Hotels Surround the Property

Exclusively Listed By

Listing Price: $938,000

Cap Rate
8.00%
Tenant Name
El Charro
Years Remaining On Lease
8.70
Gross SF
5,605
Guarantor
Corporate Guarantee
Rentable SF
5,605
Price/Gross SF
$167.35
Lease Type
Absolute Net
Rent Per Square Feet
$13.38

Investment Highlights

  • Absolute Net Lease with Approximately 8.6 Years Remaining
  • Priced Below Replacement Cost at $167.35 Per Square Foot
  • Highway Location - Combined Traffic Counts on Corsicana Highway and Interstate 35 Exceed 83,863 VPD
  • Easy On-Off Access on Interstate 35, the Main Route between Dallas, Waco, Austin and San Antonio
  • Large 0.98 Acres Parcel with Ample Parking and Multiple Access Points
  • Heavy Retail Corridor - Outlets at Hillsboro (0.3 miles away) and Several Hotels Surround the Property

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease El Charro Mexican Restaurant in Hillsboro, TX. The property consists of a 5,605-square foot, freestanding building that sits on approximately 0.98 acres of land. There are approximately 8.6 years remaining on the current lease term, with a 16 percent rental escalation scheduled in 2021, with additional increases thereafter. Located along Interstate 35, the subject property has easy on-off access to one of the main highway routes between Dallas, Waco, Austin and San Antonio. The property has excellent access and visibility on Corsicana Highway in proximity to Interstate 35; combined traffic counts exceed 83,863 vehicles per day. El Charro is in the main retail corridor of the city and is near The Outlets at Hillsboro (0.3 miles) and several hotels. hotels. Surrounding retailers in the immediate area include Walmart Supercenter, Dirt Cheap, Dairy Queen, 7-Eleven, IHOP, Schlotzsky’s, Wells Fargo, Starbucks, Dickey’s Barbeque Pit, Whataburger and many more.

Exclusively Listed By

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