Salad and Go - Spring, TX_Property for Sale
Salad and Go - Spring, TX_Property for Sale
2215 Spring Stuebner Rd, Spring, TX, 77388, US

Salad and Go - Spring, TX

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the ground lease interest in a brand new 2023 construction Salad and Go located in Spring, TX (the “Property” or “Asset”). Salad and Go operates on a new 20-year ground lease featuring zero landlord responsibilities and 10% rent increases every 5-years throughout the primary and renewal option periods. Salad and Go operates 53+ restaurants throughout Arizona and Texas with headquarters in Phoenix, AZ. The fast-growing retail chain plans to add 35 restaurants in 2022 and 2023 throughout Arizona, Texas, Oklahoma and Nevada, representing a 77% increase. 

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Attributes

Asking Price
TRY 59,733,000
Building area Gross
88 m²
Occupancy
100.00%
Year built
2023
Cap Rate
5.75%
NOI
TRY 3,433,000

Media

Investment Highlights

Dynamic Houston MSA

  • Over the last 10 years, Houston has been one of the fastest growing cities in the country in terms of economic and population growth

Expansive Regional Tenancy

  • Salad and Go currently operates 53 locations with rapid expansion plans led by ex-CEO of WingStop, Charlie Morrison

Dense and Affluent Surrounding Submarket

  • Located in an affluent area of Houston with 249,785 residents and AHHI of $120,069

Favorable Net Lease Structure

  • Features a full 20-years of lease term remaining with absolutely zero landlord responsibilities


Salad and Go - Spring, TX 4_Property for Sale

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Salad and Go - Spring, TX (0 Properties)

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Last updated
22 Jun 2023