Presentation is loading. Please wait.

Presentation is loading. Please wait.

INVESTMENT SUMMARY Sale Price:$917,650 Seats:90 Cap Rate:8.50% Parking:57 cars NOI:$78,000 Year Built:1997 Building Size:Approx. 2,700 Sq. Ft. Land Size:1.5.

Similar presentations


Presentation on theme: "INVESTMENT SUMMARY Sale Price:$917,650 Seats:90 Cap Rate:8.50% Parking:57 cars NOI:$78,000 Year Built:1997 Building Size:Approx. 2,700 Sq. Ft. Land Size:1.5."— Presentation transcript:

1 INVESTMENT SUMMARY Sale Price:$917,650 Seats:90 Cap Rate:8.50% Parking:57 cars NOI:$78,000 Year Built:1997 Building Size:Approx. 2,700 Sq. Ft. Land Size:1.5 acres Lease Term:20 years Drive Thru:Yes Lease Type:Absolute NNN Daily Traffic:21,000 Increases:1% annual increases Options:4 x 5 years with same increases Location:Right off Interstate 30, exit 146, at Rte 37 No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals 1010 Northern Blvd, Ste 208 Great Neck, NY PH: FX: TENANT INFORMATION This operator has over 25 years experience with Burger King corporate and as a franchisee. Currently operating three (3) profitable Burger Kings in East Texas. Continuous sales growth. Annual rental increases. The franchisee will offer a personal guarantee. LOCATION INFORMATION Great location with high traffic count, at the intersection of I-30 and Texas Hwy 37 (exit 146) between Dallas and Texarkana. This BK is located right off the interstate ramp, next to a Super 8 Motel and a Fina station. Neighboring retailers are Franklin Bank, Dairy Queen, a Mexican restaurant and a Chevron station. American Inn, Sonic and Mt Vernon HS are right across the interstate. Mt. Vernon school district’s three other schools are nearby, on Rte 37.

2 No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals Demographics1 Mile3 Mile5 Mile Population (2007)1582,9424,628 Avg. HH Income$55,192$43,774$45,758 Traffic Count21, Northern Blvd, Ste 208 Great Neck, NY PH: FX: AREA INFORMATION Mt. Vernon is a destination market attracting Dallas area families to year round second homes at nearby Lake Cypress Springs, reviewed by “D” magazine as the best lake in east Texas. Mt. Vernon is the largest city and county seat of Franklin County, serving as a major agricultural supply and shipping center. The city promotes heritage tourism with its marked trails and historic homes. It is also the home of the Don Meredith Sports Memorabilia Exhibit and the East Texas Medical Center, a full service hospital.

3 1010 Northern Blvd, Ste 208 Great Neck, NY PH: FX: No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals

4 1 Miles:3 Miles:5 Miles: Population: Total Population1582,9424,628 Male Population50.4%47.4%48.3% Female Population49.6%52.6%51.8% Median Age Population Density (per sq. mi.) Employees Establishments Income: Median HH Income$45,735$35,071$36,399 Per Capita Income$20,276$17,574$18,003 Average HH Income$55,192$43,774$45,758 Households: Total Households671,0881,693 Average Household Size Household Growth %10.4%14.4% Housing: Owner Occupied Housing Units67.8%55.9%57.3% Renter Occupied Housing Units11.8%26.6%20.9% Vacant Housing Units20.5%17.5%21.8% Race: White92.8%80.9%85.1% Black1.2%10.6%7.3% American Indian, Eskimo, Aleut0.6%0.7%0.6% Other4.8%6.9%6.0% Multirace0.6%1.0% Ethnicity: Hispanic9.4%13.2%13.4% Non-Hispanic90.7%86.8%86.6% Daily Traffic Count: 21, Northern Blvd Great Neck, NY PH: FX: No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals

5 1010 Northern Blvd Great Neck, NY PH: FX: Mama Jean's Antiques Mt. Vernon Cafe La Cabana Mexican Food Mount Vernon High School


Download ppt "INVESTMENT SUMMARY Sale Price:$917,650 Seats:90 Cap Rate:8.50% Parking:57 cars NOI:$78,000 Year Built:1997 Building Size:Approx. 2,700 Sq. Ft. Land Size:1.5."

Similar presentations


Ads by Google