Walgreens / Village MD - Houston, TX
7929 Kirby Drive, Houston, TX, 77054, US
¥1,112,899,000 | 1,377 sm
Asset description
JLL is offering for sale the Taco Bell located at 1782 TX-35, Port Lavaca, TX. The asset is a build-to-suit building completed in 2024 and is operated by MAS Restaurant Group, which has over 115 locations across Texas and Ohio. The property is centrally situated in Port Lavaca, easily accessible through State Hwy-35, with 20,000 vehicles passing by daily. It is adjacent to a Walmart and many hotels, attracting strong traffic. The region is connected to major metros like Houston, San Antonio, Austin, and Corpus Christi, just a 2-hour drive away, and provides easy access to interstate highways I-10, I-35, and I-37.
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Attributes
WAULT
25 years
Cap rate
5.35%
Year built
2023
Media
Investment highlights
- Ground lease with 24.4 years of term remaining and 10.0% rental escalations every 5 years, including five, 5-year extensions
- The Asset was a build-to-suit that was recently completed in December 2023
- MAS Restaurant Group owns and operates over 115 locations in Texas and Ohio, employing over 2,500 individuals
- Strong site-level sales performance with impressive sales figures since opening
- Asset is adjacent to a Walmart, driving traffic to the site
Contact brokers
Taco Bell Sale-Leaseback - Port Lavaca (0 Properties)
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Last updated
Aug 27, 2024
