2nd Generation Restaurant (previously used as Taco Casa)

Retail-Commercial for Sale
Catylist Listing ID: 30646090
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad
Building Size (RSF): 2,510 SF
Gross Land Area: 0.64 Acres
Sale Price: $220,000
Unit Price: $87.65 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 2,510 SF
Sale Terms: Cash to Seller
Auction License Number: N/A
Cap Rate: Undisclosed
Last Updated: 11/26/2020

Overview / Comments

Located at the hard corner of the new Hwy 59 (South Street) overpass and Loop 224. Surrounded by national and regional users such as Subway, Sonic and Dickeys BBQ. The new overpass for Hwy 59 is currently under construction with completion expected to be in 2021. Extreme visibility along Hwy 59 with easy access to the north and south bound lanes.

Traffic Counts (2019)
Hwy 59 (South of Loop 224) = 33,677 VPD
Loop 224 (East of Hwy 59) = 13,571 VPD

Additional Details

Nearest MSA: Nacogdoches
County: Nacogdoches
Taxing Authority: Nacogdoches County, Nacogdoches ISD, City of Nacogdoches
Tax ID/APN: 25511
Retail Clientele: General, Business
Property Located Between: Just south of Loop 224
Property Visibility: Fair
Largest Nearby Street: Hwy 59 and Loop 224
Highway Access: Hwy 59 and Loop 224
Site Description: The property was previously leased to Taco Casa and it currently set up as a QSR with a drive-through.
Area Description: Located in the bullseye of the south Nacogdoches restaurant / retail corridor.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,510 SF
Property Condition: Average
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: Stucco
Parking Type: Surface
Parking Description: Asphalt parking
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Block 56, Lot 93-E NCAD #: 17-056-0930-050000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,982 16,264 34,875
Median Age: 28.47 28.46 28.25
Households: 652 5,676 12,019

Contact

Photograph of Listing Agent

Gary Halbrooks

Venue Properties, Inc. GTAR Commercial Member
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