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3510 Burke Rd
Pasadena, TX 77504-2302
Asking Price
$5.85M
Cap Rate
6.75%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
Dense Infill; 311,000+ Residents within 5 Miles <p>For More Information, Contact </p><p>Chandler Dignam cdignam@anchorpointcapital.com</p><p>Jacob Sparks jsparks@anchorpointcapital.com </p><p></p><p><strong>Excellent Single Tenant Investment Opportunity</strong></p><ul><li>New 20 Year Absolute NNN Lease; 40 Years of Potential Remaining Lease Term</li><li>Strong Lease Guaranty; Contact broker for details</li><li>Fee Simple; Land and Building Ownership</li><li>Qualifies for Bonus Depreciation (Consult with Your Tax Professional)</li><li>2%
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NOI
$80,000
Cap Rate
1.37%
DSCR
0.23
Underwater
Cash-on-Cash
-15.23%
Monthly Payment
$28,951.771
Annual Cash Flow
$-267,421.25
