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Twin Peaks

Terrell, Texas

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Street View

● 20-Year Corporate Absolute-Net Sale-Leaseback | Lease Will be Backed by 100+ Locations in 26 States, in the US and Mexico | Deep Pipeline of New Units Coming Online
● Brand-New Construction | 8,903 Square Foot Building Sits as an Outparcel to a Large Shopping Center Anchored by Hobby Lobby, Academy Sports + Outdoors, Ross Dress For Less, Five Below, Petco, and Ulta Beauty | Property is Projected to Open for Business in Summer of 2024
● Dense & Growing Retail Corridor | Property is Located in a Dynamic Trade Area with Significant Ongoing Development that Services all of Kaufman and Van Zandt Counties | Expectation for this to Become a Primary Retail and Commercial Hub for the Region
● Affluent Suburban Community | Average Household Income Exceeds $100,000 for Homes within 10 Miles of the Subject Property
● Robust Demographics | Population Exceeds 117,300 Individuals within a 10-Mile Radius | Substantial Population Growth Projected into the Next Five Years

Key Details

Price:
$5,000,000
Cap Rate:
6.00%
Annual Rent:
$300,000
Address:
580 American Way, Terrell, Texas 75160
Lease Type:
Triple-Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
COE
Lease Expiration:
20 Years from COE
Lease Term Remaining:
20 Years
Rental Increases:
8.0% Every Five Years
Lot Size:
1 Acres
Building Size:
8,903 SF
Year Built:
2024
Tenant:
Twin Peaks

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Alexandre Marietto

License: 10401294047

Jack Winslow

License: 10401334977

Broker of record

Brian Brockman

Bang Realty - Texas, Inc

License: 701472


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