AVAILABILITY DETAILS
- Size
- 3,916 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA532043
- Notes
- Portfolio sale of 5 parcels and 1 land lease in Central/West Texas with long standing tenant Fazoli's, which is an Italian fast casual franchise concept with a loyal customer base. Fazoli’s 2023 average per unit sales $2.3M+. NOI $910,974, Cap Rate 7.9%.
All locations are freestanding buildings with a drive thru. Leases expire in January 2031 and have three 5 year options to renew. Locations are in high traffic trade areas surrounded by retail and restaurants. Franchise business is for sale and must sell prior to selling the real estate.
Parcel #1 Abilene, TX - 3,916SF built in 2002, renovated in 2020, on 1.73 acres
Parcel #2 Midland, TX - 3,826SF built in 1998, renovated in 2019, on 1.14 acres
Parcel #3 Lubbock, TX- 3,720SF built in 1997, renovated in 2020, on 0.87 acres
Parcel #4 Lubbock, TX - 3,599SF built in 2000, renovated in 2018, on 1.13 acres
Parcel #5 Amarillo, TX - 4,438SF built in 1997, renovated in 2019, on 1.47 acres
Land Lease Odessa, TX - 3,360SF built in 2000, renovated in 2018, on 0.62 acres
- Uses
- Retail
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.
Listing provided courtesy of
Sam Griffin CBI, eXp Commercial
BRE# 207824