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1800 Rankin Highway
Midland, TX 79701
Asking Price
$3.22M
Cap Rate
6%
Asset Type
QSR/Fast Food Retail
Class
Class B
What's Special
Retail | 6.00% CAP | 2,122 SqFt <p>SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Super Pollo investment property located in Midland, Texas. The tenant recently executed a brand new 15-year lease with two (2) 5-year renewal options, demonstrating long-term commitment to the site. The lease features 2% annual rental increases throughout the primary term and option periods, supporting steady NOI growth and providing a hedge aga
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NOI
$80,000
Cap Rate
2.49%
DSCR
0.42
Underwater
Cash-on-Cash
-11.50%
Monthly Payment
$15,920.908
Annual Cash Flow
$-111,050.898
