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1811 Antonio Street

Tanweer Ahmed Acquires KFC/Taco Bell Property In Anthony Texas From Mike Adell
SOLDRetail

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

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:

Marcus & Millichap facilitated the sale of the property, emphasizing its attractive investment fundamentals and long-term income potential through the lease structure.

Players

Ameer Adel

Marcus & Millichap

Broker

$11.5M

vol

4 deals

Broker
John Paine
Verified Badge

John Paine

Paine Restaurant Group at Marcus & Millichap

Broker

$5.4M

vol

15 deals

Broker

Anthony Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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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