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Kickback's Backyard 1721 S Armstrong Ave

3,682 SF Retail Building Denison, TX 75020 £853,211 (£232/SF)

Investment Highlights

  • Tenant in place paying $7,250/month until May of 2027.
  • Located on Armstrong Ave (~6,000 vehicles per day) and less than two miles from US Highway 75 (~46,000 vehicles per day)
  • Comes with adjacent parking lot totaling 50 parking spaces.

Executive Summary

Great opportunity to own an income-producing building in the heart of Denison leased to Kickbacks restaurant. This building was completely renovated in 2021 and has a tenant in place paying $7,250 per month until May of 2027. The lively dining room and can seat over 60 guests. The outdoor patio can accommodate another 110+ guests, and has a stage that is fully equipped for live music. The building has a total of 50 parking spaces in the recently paved parking lots. Updates completed in 2021 include components such as: parking lot, roof, interior finish out, windows, floors, HVAC, plumbing, wiring, and three phase power. Kickback's Backyard is a highly rated Denison restaurant, boasting a 4.8 star rating on Google from over 350 reviews. Call today to schedule a showing and please do not disturb the tenants.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,682 SF
Building Class
C
Year Built/Renovated
1940/2021
Price
£853,211
Price Per SF
£232
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Land Acres
0.64 AC
Zoning
F1 - Commercial Real Property
Parking
50 Spaces (13.58 Spaces per 1,000 SF Leased)
Frontage
135 ft on Bullock Street

Amenities

  • Restaurant

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
209544
Land Assessment
£28,662
Improvements Assessment
£248,377
Total Assessment
£277,039
  • Listing ID: 32321120

  • Date on Market: 02/07/2024

  • Last Updated:

  • Address: 1721 S Armstrong Ave, Denison, TX 75020

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