3703 U.S. 180
Mineral Wells, TX
Price:
$1,881,000
Cap Rate:
5.25%
NOI:
$98,750
Building Size:
Approx. 2,100 Sq. Ft.
Lot Size:
Approx. 0.74 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2019
Investment Overview
- 2019 Construction. 2,100+/- SF Building on .74+/- Acre Site
- New 10 Yr Corp Lease w/ 10% Rent Bumps Every 5 Yrs’
- Located along US-180 (26K VPD) & Garret Morris Pkwy
- Near CVS, Walmart, McDonald’s, Chili’s, Motel 6, Shell
- Adjacent to Mineral Wells High School (917 Students)
- 2-Miles E of Downtown | 3-Miles N of Mineral Wells Airport
- Future job growth for the next ten years is expected to be 30%
- Local Industries: Mining | Oil & Gas | Manufacturing | Utilities
- 1-Mile Avg. HH Income: $53,828 | 50-Miles W of Fort Worth
- Close proximity to Dallas/Fort Worth (MSA) | Pop: 7+ Million