Texas Commercial Property for Sale, 7.8% NET RETURN
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Property Type Commercial
Address
1102 Hobbs Hwy. -SOLD-
Seminole, TX -SOLD-
Lot Size 1 Acre
Price $850,000
-SOLD- This is a Dairy Queen NNN Lease Property in Texas, with a 7.8% net return of $66,000 per year or $5,500 per month, wired to owner's account on the first of each month like clock-work. It is 2 years into a 20 year contract including 4 five year options with a very strong & reliable tenant that currently operates 49 DQ Franchises. Tenant is responsible for all taxes, insurance & maintenance, inside and out. 10% Rent Increase every 5 years. Building is 2,381 sq. ft. on a 1 acre lot and was fully remodeled in 2004. It doesn't get much better than this for a secure, trouble-free return folks. Owner/Associate. -SOLD-
Kalin RO 09
Broker/Agent
940-723-5500 (Office)
405-250-5511 (Cell)
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal.
 
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