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INVESTMENT SUMMARY
• Sale Price: $917,650 • Seats: 90
• Cap Rate: 8.50% • Parking: 57 cars
• NOI: $78,000 • Year Built: 1997
• Building Size: Approx. 2,700 Sq. Ft. • Land Size: 1.5 acres
• Lease Term: 20 years • Drive Thru: Yes
• Lease Type: Absolute NNN • Daily Traffic: 21,000
• Increases: 1% annual increases
• Options: 4 x 5 years with same increases
• Location: Right off Interstate 30, exit 146, at Rte 37
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our
principals
1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
TENANT INFORMATION
This operator has over 25 years experience with Burger King corporate and as a franchisee. Currently operating three (3) profitable Burger Kings in East Texas. Continuous sales growth. Annual rental increases. The franchisee will offer a personal guarantee.
LOCATION INFORMATIONGreat location with high traffic count, at the intersection of I-30 and Texas Hwy 37 (exit 146) between Dallas and Texarkana. This BK is located right off the interstate ramp, next to a Super 8 Motel and a Fina station. Neighboring retailers are Franklin Bank, Dairy Queen, a Mexican restaurant and a Chevron station. American Inn, Sonic and Mt Vernon HS are right across the interstate.Mt. Vernon school district’s three other schools are nearby, on Rte 37.
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our
principals
Demographics 1 Mile 3 Mile 5 Mile
Population (2007) 158 2,942 4,628
Avg. HH Income $55,192 $43,774 $45,758
Traffic Count 21,000
1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
AREA INFORMATIONMt. Vernon is a destination market attracting Dallas area families to year round second homes at nearby Lake Cypress Springs, reviewed by “D” magazine as the best lake in east Texas. Mt. Vernon is the largest city and county seat of Franklin County, serving as a major agricultural supply and shipping center. The city promotes heritage tourism with its marked trails and historic homes. It is also the home of the Don Meredith Sports Memorabilia Exhibit and the East Texas Medical Center, a full service hospital.
1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our
principals
1 Miles: 3 Miles: 5 Miles:
Population:Total Population 158 2,942 4,628Male Population 50.4% 47.4% 48.3%Female Population 49.6% 52.6% 51.8%Median Age 38.6 35.8 37.0Population Density (per sq. mi.) 50.4 104.1 58.9Employees 10 603 794Establishments 1 101 126
Income:Median HH Income $45,735 $35,071 $36,399Per Capita Income $20,276 $17,574 $18,003Average HH Income $55,192 $43,774 $45,758
Households:Total Households 67 1,088 1,693Average Household Size 2.35 2.59 2.65Household Growth 1990 - 2000 23.5% 10.4% 14.4%
Housing:Owner Occupied Housing Units 67.8% 55.9% 57.3%Renter Occupied Housing Units 11.8% 26.6% 20.9%Vacant Housing Units 20.5% 17.5% 21.8%
Race:White 92.8% 80.9% 85.1%Black 1.2% 10.6% 7.3%American Indian, Eskimo, Aleut 0.6% 0.7% 0.6%Other 4.8% 6.9% 6.0%Multirace 0.6% 1.0% 1.0%
Ethnicity:Hispanic 9.4% 13.2% 13.4%Non-Hispanic 90.7% 86.8% 86.6%
Daily Traffic Count: 21,0001010 Northern Blvd Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our
principals
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our
principals
1010 Northern Blvd Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
Mama Jean's
AntiquesMt.
Vernon Cafe
La Cabana Mexican
Food
Mount Vernon High School
