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SE corner of U.S. Highway 3...

Freddy’s Frozen Custard & Steakburgers Acquires Retail Property In Princeton, Texas
SOLDRetail

Freddy’s Frozen Custard & Steakburgers Acquires Retail Property In Princeton, Texas

SE corner of U.S. Highway 380 and Cypress Bend Dr

Building Size

Asset Type

Retail

Closing

Apr 12, 2023

AI

The property involved in this transaction is located at the SE corner of U.S. Highway 380 and Cypress Bend Dr in Princeton. It is a retail asset spanning across 1.1 acres.

Summary of Transaction Details:

  • Property Type: Retail
  • Transaction Date: 04/12/2023
  • Address: SE corner of U.S. Highway 380 and Cypress Bend Dr
  • Market: Princeton
  • Acres: 1.1

Freddy’s Frozen Custard & Steakburgers has acquired this property. The deal was facilitated by Brian Sladek from Resolut Real Estate, who served as the broker for Freddy’s Frozen Custard & Steakburgers in this transaction.

Players

Brian Sladek

Resolut Re

Broker

4 deals

Broker

Cypress 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