NNN Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30674141
Property Subtypes: Restaurant
Building Size (RSF): 10,740 SF
Gross Building Area: See Agent
Gross Land Area: 2.04 Acres
Sale Price: $1,350,000
Unit Price: $125.70 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 1/21/2022

Overview / Comments

NNN single tenant with long term lease. Neighboring businesses include Motel 6,
Guest Inn, Homewood Suites by Hilton, Mi Casita, La Carreta Meat Market,
Shipley Do-Nuts, and Downpour Church.

• Established dine-in restaurant user
• Kobee Japanese Steakhouse
• Central location on an established retail corridor
• Lease matures 2027
• Built in 1979
• Lot is over 2 acres providing ample parking
• NOI $122,856.87
• Cap Rate 9.1%

Attachments & Media

Current Tenants

Tenant Business Name Kobee Japanese Steakhouse

Additional Details

Nearest MSA: Longview
County: Gregg
Tax ID/APN: 69339
Retail Clientele: General
Property Visibility: Good
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1979
Construction/Siding: Brick
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,153 57,508 85,425
Median Age: 36.56 36.86 36.07
Households: 2,521 22,266 32,501


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