Marcus & Millichap Sells Absolute Net Burger King In Greenville, Texas
7315 I-30 Frontage Rd Greenville, TX 75402, USA
Building Size
—
Asset Type
Retail
Closing
May 19, 2023
About this deal
AI
An absolute net Burger King in Greenville, Texas has been sold by Marcus & Millichap. The property is located at 7315 Interstate Highway 30, near a Walmart Supercenter in the city's main retail corridor.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Date: 05/19/2023
- Market: Greenville
- BROKER: Vincent Knipp - Marcus & Millichap
Vincent Knipp of Marcus & Millichap listed the property, which is situated in a strategic location close to a major retail hub. The transaction represents a successful deal for Marcus & Millichap, showcasing their expertise in the retail market.
Texas 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