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Susan Caratan 2011 Trust Acquires Dairy Queen Retail Property In Alice From R&L Lozano Leasing
SOLD
Texas
See Similar DealsRetail2,608 SF
Sold 06/25/2025
SOLD
Susan Caratan 2011 Trust Acquires Dairy Queen Retail Property In Alice From R&L Lozano Leasing
1179 East Main Street
See Similar DealsRetail2,608 SF
Sold 06/25/2025
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:2,608 SF
Transaction Type:Sale
The property asset is a 2,608-square-foot retail space located at 1179 East Main Street in Alice. It has been occupied by Dairy Queen for over 30 years, and it is now under a 20-year triple-net lease featuring 2% rent bumps every five years. The transaction involved the sale-leaseback of the property from R&L Lozano Leasing to Susan Caratan 2011 Trust.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1179 East Main Street
- Market: Alice
- Square Footage: 2,608
- Buyer: Susan Caratan 2011 Trust
- Seller: R&L Lozano Leasing
- Buyer's Representative: David Bynum - Bynum Inc
- Seller's Representative: Garrett Wood - Hanley Investment Group
The transaction was facilitated by Hanley Investment Group, highlighting their role in the arrangement between the buyer and seller. The seller, F&P Development, is the owner of 34 Dairy Queens, indicating a larger investment portfolio in the area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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