Tanweer Ahmed Acquires KFC/Taco Bell Property In Anthony Texas From Mike Adell
1811 Antonio Street
Building Size
2,736 SF
Asset Type
Retail
Closing
Nov 21, 2024
About this deal
AI
The property involved in this transaction is a KFC/Taco Bell located at 1811 Antonio Street in Anthony, Texas. It features a building size of 2,736 square feet and is situated on a 1.08-acre lot. The asset is secured by an absolute triple-net (NNN) lease that includes scheduled annual rent increases, providing long-term income stability.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Buyer: Tanweer Ahmed
- Seller: Mike Adell
- Market: Anthony
- Brokers: Aaron Hines, Ameer Adel, John Paine & Sam Noe - Marcus & Millichap
Marcus & Millichap facilitated the sale of the property, emphasizing its attractive investment fundamentals and long-term income potential through the lease structure.
On the Map
Retail
View full map
Players
Anthony Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Anthony retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93