The Republic Grille - Net Lease Property for Sale
Spring, TX
Key Investment Metrics
Price
$3,440,000
Cap Rate
6.3%
Net Operating Income
$215,000
Building Size
6198 SF
Lot Size
6,198 SF
Land Area
0.95 Acres
Remaining Term
20 years
Lease Term
20 years
Lease Type
Absolute NNN
Year Built
2020
Occupancy
100%
Tenancy
Single
Rent Increases
2% Annually
About This The Republic Grille Net Lease Property
This The Republic Grille NNN (triple net lease) property is located in Spring, TX and represents an excellent investment opportunity for commercial real estate investors. The property features 6198 square feet of building space and was built in 2020.
With a cap rate of 6.3%, this The Republic Grille net lease property offers stable income potential. The asking price is $3,440,000, making it an attractive option for 1031 exchange investors seeking quality The Republic Grille commercial properties.
Why Invest in The Republic Grille NNN Properties?
- Stable Income: The Republic Grille net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: The Republic Grille is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Spring, TX Market Overview
Located in Spring, TX, this The Republic Grille property benefits from strong local demographics and market fundamentals. The Spring area offers excellent visibility and accessibility, making it an ideal location for The Republic Grille operations and a solid investment for net lease property buyers.