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Views: 193 DOM: 154 Updated: 10.25.24 Posted: 06.22.24 Status: Active

Summary

Price $4,387,000
Built/Renov 2020
Tenant Hat Creek Burger Company
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,236
Lease Start 07-01-2020
#Units 27
Price/SF $1,355.69
Expiration 06-30-2040
Tenant Type Fast Food/QSR
NOI $263,218
R. Term 15.7
Ownership Fee Simple
Rent/SF $81.34
Increases 1.5%/1/yrs
Pop 5Mi 240,801
Lot/AC 0.98
Options 4/5yrs/1.5%
AHHI 5Mi $141,794

Lease Highlights

  • Hat Creek Burger Company has 15+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 1.5% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Hat Creek Burger Company is strategically located on Golden Triangle Boulevard, with access to 18,000 vehicles passing by daily. This property ranks as the 7th busiest among all Hat Creek Burger establishments, drawing around 132,000 visitors annually. Additionally, it serves as an outparcel to a high-performing Walmart Supercenter with 2.6 million visitors per year according to Placer. Ai....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Hat Creek Burger Company operates a chain of quick-service burger restaurants throughout Texas. Their restaurants are focused on a family-friendly atmosphere with large children’s play areas and...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 14,388 113,659 244,185
2024 Total Population : 14,038 112,070 241,240
2024 Employed Civilian Pop : 8,154 62,558 133,321
2024 Total Businesses : 530 3,058 6,214
2024 Average Household Income : $ 149,004 $ 158,621 $ 152,428
2024 Total Consumer Spending : $ 595 M $ 5135 M $ 10792 M
2024 Median Age : 35 36 37
2024 Total Households : 4,614 37,346 81,622
2024 Pop Age 25+: Bachelor's Degree : 2,607 24,856 52,113
2024 Average Home Value : $ 387,478 $ 428,581 $ 435,024
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Golden Triangle Blvd Golden Triangle Cir 2009 18,000 0.20 mi
Keller Hicks Rd Gloriosa Dr 2010 11,183 0.42 mi
Keller Hicks Road PkVista Blvd 2022 7,488 0.47 mi
Keller Hicks Road Gloriosa Dr 2020 7,992 0.47 mi
Gloriosa Drive 2009 6,070 0.52 mi
Golden Triangle Blvd Sports Pkwy 2004 18,140 0.57 mi
Golden Triangle Blvd Vail Crossing Trl 2009 18,000 0.67 mi
W Price St Golden Triangle Blvd 2012 21,277 0.70 mi
Katy Rd Keller Hicks Rd 2010 8,117 0.71 mi
Chatsworth Ln Notting Hill St 2008 208 0.72 mi

Listing Broker

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