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
About this deal
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.
On the Map
Retail
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Players
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