3720 North St | Nacogdoches, TX 75965
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3720 North St
Nacogdoches, TX 75965
FREDDY’S (NEAR UNIVERSITY) – NACOGDOCHES, TX · Retail Property For Sale
Investment Highlights
- 19 Years Remaining on initial 20-year Absolute NNN lease with attractive 7.00% rental escalations every 5 years
- Constructed to Freddy’s latest prototype - opened in October 2023. Located in dominant retail corridor
- Excellent drive-by visibility/access on North St where traffic counts exceeding 24,890 CPD!
- Ram-Z Custard, LLC owns & operates 67 locations which includes 33 Freddy’s restaurants, making it the 7th largest Freddy’s franchisee
- Situated on a large ±2.17-acre lot (across the street from AMC Theatre Anchored Retail Center)
- 2023 Demographics: 2023 Population: 36,196 & 2023 Average Household Income: $78,092
Executive Summary
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,148 SF
Building Class
B
Year Built
2023
Price
£2,807,921
Price Per SF
£892
Net Initial Yield
5.50%
NOI
£154,455
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Lot Size
2.17 AC
Zoning
C
Amenities
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 26420 | Improvements Assessment | £560,943 |
| Land Assessment | £287,042 | Total Assessment | £847,984 |
PROPERTY TAXES
Parcel Number
26420
Land Assessment
£287,042
Improvements Assessment
£560,943
Total Assessment
£847,984
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