508 South Washington Avenue

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508 South Washington Avenue

Cleveland, TX 77327
Asking Price
$1.25M
Cap Rate
6%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

Brand New | Abs NNN | $75K NOI | Strong QSR Trade Area in Texas <ul><li>​<strong>Brand New Construction, Dual Drive-Thru 7 Brew Coffee property in Houston TX MSA</strong></li><li>​<strong>Ultra-low rent: 3rd lowest base rent for a 7 Brew Coffee property to be listed in Texas </strong></li><li>​Long Term 15 Year Lease with 10% rental increases every 5 years</li><li>​Absolute NNN Ground Lease: ultimate ease of management for investor</li><li>​<strong>Synergy w/ Walmart Supercenter (2.4M visits per Placer.ai) & HEB-Anchored shopping center (1.3M visits per Plac

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NOI
$80,000
Cap Rate
6.40%
DSCR
1.08
Tight
Cash-on-Cash
1.54%
Monthly Payment
$6,184.318
Annual Cash Flow
$5,788.184

Location & Travel Times