Restaurant

Texas Land & Cattle

Listing Price: $2,571,429

Cap Rate
7.00%
Tenant Name
Texas Land & Cattle
Years Remaining On Lease
16.90
Gross SF
7,537
Guarantor
Corporate Guarantee
Rentable SF
7,537
Price/Gross SF
$341.17
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.88

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Texas Land & Cattle Steak House located at 5510 S Interstate 35 in Austin, Texas. The site consists of roughly 7,537 rentable square feet of building space and has 17 years left on a triple-net (NNN) lease. The initial annual rent will be $180,000, which is scheduled to increase by ten percent (10%) every five (5) years.

Investment Highlights

  • 17 Years Left On An Absolute Triple Net (NNN) Lease; Passive Investment
  • Tenant Renewal Options: Two (2) Periods of Five (5)
  • Dense Retail Corridor| Walmart, Wendys, Big Lots, Chick-Fil-A, Burlington, Lowes,

Exclusively Listed By

Listing Price: $2,571,429

Cap Rate
7.00%
Tenant Name
Texas Land & Cattle
Years Remaining On Lease
16.90
Gross SF
7,537
Guarantor
Corporate Guarantee
Rentable SF
7,537
Price/Gross SF
$341.17
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.88

Investment Highlights

  • 17 Years Left On An Absolute Triple Net (NNN) Lease; Passive Investment
  • Tenant Renewal Options: Two (2) Periods of Five (5)
  • Dense Retail Corridor| Walmart, Wendys, Big Lots, Chick-Fil-A, Burlington, Lowes,

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Texas Land & Cattle Steak House located at 5510 S Interstate 35 in Austin, Texas. The site consists of roughly 7,537 rentable square feet of building space and has 17 years left on a triple-net (NNN) lease. The initial annual rent will be $180,000, which is scheduled to increase by ten percent (10%) every five (5) years.

Exclusively Listed By

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