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1105 Cowboy Way
Plains, TX 79355
Dairy Queen - Plains · Retail Property For Sale
PROPERTY FACTS
About 1105 Cowboy Way , Plains, TX 79355
TREK Investment Group is pleased to offer for sale Dairy Queen in Plains, Texas. Operated by Vasari, LLC, this Dairy Queen is part of Vasari's 45 units in operation. Vasari is one of the largest Dairy Queen franchisees in the United States and Texas. This property offers an investor a long-term net leased asset with a NNN lease with options to renew and rent increases throughout the primary lease as well as option periods. The subject property is situated along Cowboy Way (Highway 380) which serves as the town’s main east-west thoroughfare in the middle of the town. Dairy Queen is across the street from the Plains ISD building which houses the High School, Middle and Elementary Schools serving approximately 470 students Pre-K through grade 12. There are 15+ years remaining in the primary lease term. The lease is Absolute NNN with the tenant directly responsible for all operating expenses including property taxes, common area maintenance and property insurance. A significant feature of the lease is the 10% rent increases every five (5) years, throughout the primary lease term as well as the lease options.
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PROPERTY TAXES
Parcel Numbers |
Multiple
|
Improvements Assessment | $193,548 |
Land Assessment | $12,400 | Total Assessment | $205,948 |
PROPERTY TAXES
- 2986
- 3098
Listing ID: 13901638
Date on Market: 2018-09-27
Last Updated:
Address: 1105 Cowboy Way, Plains, TX 79355