Two Tenant NNN Investment

Retail-Commercial for Sale
Catylist Listing ID: 30667198
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 4,698 SF
Gross Building Area: See Agent
Sale Price: $3,818,182
Unit Price: $812.72 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 12/2/2020

Overview / Comments

TWO BRAND NEW NNN TENANTS
Wienerschnitzel is “The World’s Largest Hot Dog Chain” selling over 120 million hot dogs annually. Location is leased to seasoned operator with 20+ units and growing. T-Mobile corporate store. $44.9+ billion annual revenue
(2019) publicly traded NASDAQ: TMUS.

DURABLE LONG-TERM NNN LEASE STRUCTURES
The Wienerschnitzel lease will be a brand new 20-year absolute triple net lease commencing upon the close of escrow with scheduled increases every five years. The T-Mobile lease recently commenced in June 2020 and also includes scheduled increases every five years creating
a strong hedge against inflation.

STABLE, LONG TERM INVESTMENT
Income stability – Two long-term NNN leases provide for income diversity, recent build out to spaces provide for optimal tenant operational functionality. Wienerschnitzel has a drive thru window, allowing for coveted contactless
customer service.

INFILL LOCATION DIRECTLY OFF OF HIGHWAY 285
Highly visible with attractive architecture along

Additional Details

Nearest MSA: Carlsbad-Artesia
County: Eddy
Tax ID/APN: 4-156-126-494-309

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,445 24,828 28,447
Median Age: 39.02 38.32 38.37
Households: 4,599 9,798 11,144

Contact

Photograph of Listing Agent

John R Lewinger

Colliers International CARNM CIE Member
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