Salad & Go | New 20yr Corp Abs NNN | DrThr | 2250 Precinct Line Rd
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Salad & Go | New 20yr Corp Abs NNN | DrThr 2250 Precinct Line Rd
827 SF Retail Building Hurst, TX 76054 £1,304,344 (£1,577/SF) 6% Net Initial Yield
Investment Highlights
- Brand New 20-Year Lease | Corporate Guaranteed |Scheduled Rental Increases | Brand New Construction
- Outparcel to Lowe’s Home Improvement | Drive-Thru Equipped | North East Mall (751,000 SF) | Primary Retail Corridor
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed, drive-thru equipped, Salad and Go investment property located in Hurst, Texas (DFW MSA). The tenant, And Go Concepts, LLC, recently signed a brand new 20-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. The newly-constructed building features a state-of-the-art design and high-quality materials. Salad and Go was founded in 2013 in Gilbert, Arizona. The company currently operates nearly 103 locations in the Western United States and is continuing to expand.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
827 SF
Year Built
2023
Price
£1,304,344
Price Per SF
£1,577
Net Initial Yield
6%
NOI
£78,261
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
0.43 AC
Zoning
GB - General Business District
Parking
89 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Salad and Go
- Accommodation and Food Services
- 99,999 SF
- -
- Lorem Ipsum
- Jan 0000
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Salad and Go | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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Salad & Go | New 20yr Corp Abs NNN | DrThr | 2250 Precinct Line Rd
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