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Views: 99 DOM: 178 Updated: 10.30.24 Posted: 05.28.24 Status: Active

Summary

Price $3,681,563
Built/Renov 2016/2023
Tenant Beef-A-Roo
Cap Rate 8.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,093
Lease Start 10-24-2022
#Units 24
Price/SF $1,190.29
Expiration 11-30-2042
Tenant Type Fast Casual/Rest.
NOI $294,525
R. Term 18.0
Ownership Fee Simple
Rent/SF $95.22
Increases 2.0%/1/yrs
Pop 5Mi 286,794
Lot/AC 1.04
Options 4/5yrs/2%
AHHI 5Mi $111,253

Lease Highlights

  • Beef-A-Roo has 18+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 2% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Rocinante Equity, Inc. DBA Elysian Capital & Jeffrey Love, personally

Location Description

Beef-A-Roo is strategically located at the signalized, hard corner intersection of W Hebron Parkway and Huffines Boulevard, with access to a combined daily traffic count of 28,485 vehicles. The property has immediate access to the Sam Rayburn Tollway, which sees 12,000 VPD. Additionally, the area boasts well-known national tenants including KinderCare, Jiffy Lube, Starbucks, Smoothie King,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Beef-A-Roo
  • Guarantor:Franchisee
  • Company:Rocinante Equity, Inc.
  • # Units:24
  • Stock:Private

About Tenant

Beef-A-Roo is a beloved restaurant chain that has been serving up delicious roast beef sandwiches, which have become a local favorite. Over the decades, the company has expanded its menu to...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 12,196 86,151 270,744
2024 Total Population : 12,407 83,979 264,474
2024 Employed Civilian Pop : 7,511 49,895 159,209
2024 Total Businesses : 357 3,154 9,161
2024 Average Household Income : $ 139,167 $ 140,892 $ 128,219
2024 Total Consumer Spending : $ 539 M $ 3976 M $ 11901 M
2024 Median Age : 37 38 37
2024 Total Households : 4,429 32,385 105,611
2024 Pop Age 25+: Bachelor's Degree : 3,510 21,327 61,359
2024 Average Home Value : $ 487,978 $ 503,488 $ 472,542
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Huffines Blvd Bastrop Dr 2004 3,087 0.14 mi
Legacy Trl Indian Oaks Ln 2011 1,131 0.18 mi
W Hebron Pkwy Legacy Trl 2009 32,140 0.23 mi
Creek Valley Blvd Inspiration Cir 2006 1,651 0.28 mi
W Hebron Pkwy Creek Valley Blvd 2001 20,238 0.30 mi
Hwy 121 Access Rd Hwy 121 2004 47,000 0.33 mi
Creekmeadow Dr W Hebron Pkwy 2000 1,016 0.48 mi
Eisenhower St W Hebron Pkwy 2009 4,410 0.49 mi
Eisenhower St Mae Dr 2006 3,496 0.50 mi
W Hebron Pkwy Eisenhower St 2007 1,380 0.51 mi

Listing Broker

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