3720 North St | Nacogdoches, TX 75965
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3720 North St
Nacogdoches, TX 75965
FREDDY’S (NEAR UNIVERSITY) – NACOGDOCHES, TX · Retail Property For Sale
Investment Highlights
- 19 Years Remaining on initial 20-year Absolute NNN lease with attractive 7.00% rental escalations every 5 years
- Constructed to Freddy’s latest prototype - opened in October 2023. Located in dominant retail corridor
- Excellent drive-by visibility/access on North St where traffic counts exceeding 24,890 CPD!
- Ram-Z Custard, LLC owns & operates 67 locations which includes 33 Freddy’s restaurants, making it the 7th largest Freddy’s franchisee
- Situated on a large ±2.17-acre lot (across the street from AMC Theatre Anchored Retail Center)
- 2023 Demographics: 2023 Population: 36,196 & 2023 Average Household Income: $78,092
Executive Summary
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,148 SF
Building Class
B
Year Built
2023
Price
$5,041,451 CAD
Price Per SF
$1,601 CAD
Cap Rate
5.50%
NOI
$277,315 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.17 AC
Zoning
C
Amenities
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 26420 | Improvements Assessment | $998,952 CAD |
| Land Assessment | $511,176 CAD | Total Assessment | $1,510,128 CAD |
PROPERTY TAXES
Parcel Number
26420
Land Assessment
$511,176 CAD
Improvements Assessment
$998,952 CAD
Total Assessment
$1,510,128 CAD
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