Euless, TX - Valerie's Taco Shop

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Valerie’s Taco Shop investment property located in Euless, Texas. The tenant, Valerie’s Taco Shop has over 18 years of initial term remaining with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and 2.5% annual rental increases throughout each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Valerie’s Taco Shop is located at the hard corner intersection of W Airport Freeway and S Byers Street, providing ease of access to consumers. The asset is located just off of Airport Freeway, which sees over 168,700 vehicles per day. Airport Freeway is the major retail and commuter thoroughfare serving the city of Euless. The asset is located 1 mile from Harwood Crossing, a Kroger anchored center with other tenants including Starbucks, Wingstop, Great Clips, and more. In addition, the subject property is near Euless Town Center, a 209,500 square foot center anchored by ALDI and Ross. The property is in the center of a primary retail corridor with other nearby national/credit tenants including The Home Depot, McDonald’s, Dutch Bros, Taco Bell, Starbucks, and more, further increasing consumer traffic to the site. The subject property is in close proximity to Trinity High School, which has a student population of over 2,700. The 5-mile trade area is supported by a population of over 247,100 residents and 112,400 employees with an average household income of $111,693.

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Listing ID: a28TP000002ltCnYAI