Black Bear Diner

NWC of I-10 & John Martin Road Baytown, TX 77521

$4,260,869

Cap Rate 5.75%

Views: 85 DOM: 103 Updated: 09.13.24 Posted: 06.07.24 Status: Active

Summary

Price $4,260,869	Built/Renov 2024	Tenant Black Bear Diner
Cap Rate 5.75%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 4,987	Lease Start 06-01-2024	#Units 158
Price/SF $854.40	Expiration 06-01-2039	Tenant Type Casual Dining
NOI $245,000	R. Term 14.8	Ownership Fee Simple
Rent/SF $49.13	Increases 10.0%/5/yrs	Pop 5Mi 96,316
Lot/AC 1.12	Options 4/5yrs/10%	AHHI 5Mi $91,087

Bob Moorhead

Secure Net Lease

Contact

Lease Highlights

Brand-new 2024 construction
Brand-new 15-year lease with 4 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Black Bear Diner is strategically located at the signalized, hard corner intersection of Interstate 10 and John Martin Road, with access to a substantial combined daily traffic count of 102,200 vehicles. The property is conveniently situated off of a heavily trafficked Exit from I-10, right across from a Buc-ee's Convenience Store, next door to Chick-fil-A and 7-Eleven, and near H-E-B,...

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Key Features

New construction
Build to suit
High traffic 50M+ VPD
Freeway visibility
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee

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Links

Black Bear Diner Wikipedia Black Bear Diner Wikipedia Baytown, Texas Zip Code 77521 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Black Bear Diner
Guarantor:Corporate
Company:Black Bear Diner
# Units:158
Stock:Private

About Tenant

Black Bear Diner is a privately owned restaurant chain in the Western United States that serves homestyle and "old-fashioned" comfort foods. The company is a fast-growing, community-oriented,...

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Listing Broker

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