506 W Interstate 30 | Royse City, TX 75189
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506 W Interstate 30
Royse City, TX 75189
Retail Property For Sale
Executive Summary
Kidder Mathews is pleased to present an exceptional opportunity to acquire a fully leased Dairy Queen property in Royse City, Texas. This freestanding building spans 2,629 square feet and is situated on approximately 0.97 acres of land. The absoulte NNN lease agreement is personally guaranteed and features 10 percent rental increases every five years during the initial term and the option periods.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,629 SF
Building Class
C
Year Built
2016
Price
£2,344,350
Price Per SF
£892
Net Initial Yield
5.15%
NOI
£120,734
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
0.97 AC
Zoning
Commercial - Commercial
Parking
25 Spaces (9.51 Spaces per 1,000 SF Leased)
Frontage
89 ft on Interstate 30
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 87740 | Improvements Assessment | £450,305 |
| Land Assessment | £400,127 | Total Assessment | £850,432 |
PROPERTY TAXES
Parcel Number
87740
Land Assessment
£400,127
Improvements Assessment
£450,305
Total Assessment
£850,432
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