Take 5 Ground Lease
205 Liberty Bell Ln, Copperas Cove, TX 76522
Price:
$1500000
Cap:
5.00%
NOI:
$$75,000
Square Footage:
1,490
Lot Size:
.50 Acres
Year Built/Remodeled:
2021
Property Description:
Capital Commercial Partners is pleased to bring to the market this Take 5 corporately guaranteed absolute NNN Ground Lease located in Copperas Cove, TX. The investment offers no landlord responsibilities and 10% rental increases every 5 years. The site is an A+ location with excellent underlying real estate fundamentals in a high growth market. The location is on U.S. 190 with combined traffic counts of 88,482 vehicles per day and shadow anchored by Walmart Supercenter & H-E-B Plus. The tenant just added 1 year to the initial base term with 10.4 years remaining on 4-5 year options to renew. The site is within close proximity to one of the largest military installations in the world; Fort Hood with nearly 65,000 soldiers. It has an annual economic impact of $29.8 billion.
Investment Highlights:
Take 5 corporately guaranteed NNN ground lease with 10.4 years remaining providing passive ownership
Tenant just added 1 year to base lease term showing long term commitment to the site
High profile location between Walmart Supercenter & H-E-B Plus with combined 88,482 vehicles per day
High growth area in tax free state of TX
Close proximity to one of the largest military bases in the world; Fort Hood with 65,000 soldiers
A location with excellent underlying real estate fundamentals
Take 5 operates 800 locations in the US and Canada
10% rent increases every 5 years providing income growth and inflation hedge
E-commerce and recession resistant essential needs business
Low rent ground lease priced below replacement cost
Financial Summary:
All Cash
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