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Views: 170 DOM: 93 Updated: 08.21.24 Posted: 06.07.24 Status: Contract 08.09.24

Summary

Price $2,186,000
Built/Renov 2024
Tenant Wing Daddy's Sauce House
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,000
Lease Start 02-01-2024
#Units 37
Price/SF $637.50
Expiration 03-01-2039
Tenant Type Casual Dining
NOI $153,000
R. Term 14.5
Ownership Fee Simple
Rent/SF $38.25
Increases 10.0%/5/yrs
Pop 5Mi 227,304
Lot/AC 0.90
Options 3/5yrs/10%
AHHI 5Mi $80,903

Lease Highlights

  • Brand new 2024 construction
  • Brand new 15-year lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate & Personal guarantee

Location Description

Wing Daddy's Sauce House is strategically located on North Ware Road, with access to 46,000 vehicles passing by daily. The immediate vicinity boasts well-known national tenants, including Family Dollar, AutoZone, Jiffy Lube, Target, Walmart, and more. Moreover, the site is conveniently situated 5 miles from Downtown McAllen, 6 miles from McAllen International Airport, 9 miles from The...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Wing Daddy’s Sauce House is a fast-casual restaurant chain that offers made-to-order menu items, 23 made-from-scratch sauces, and a variety of delicious drinks. Menu items include chicken wings,...


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Listing Broker

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