This investment offers long term secured capital with none of the usual management hassles associated with owning investment real estate
Los Angeles, CA (PRWEB) March 19, 2013
The Royston Group has listed for sale a fee simple ground lease located 60 miles outside of Austin in the community of Copperas Cove / Killeen, Texas, home to Fort Hood, one of the largest military bases in the United States. The site is leased to Whataburger on an NNN basis for 15 years with rent increases every 5 years. The 2,530 square foot building sits on 41,766 square feet of land directly in front of a new HEB Supermarket and was constructed in 2013. Whataburger currently operates 735 stores across the country and boasts over $1.3 billion in annual sales.
Rob Sutton and Greg Cortese of The Royston Group have already begun the marketing process. The site is part of a newly constructed shopping center which comprises of 125,000 square feet of retail. Other national tenants in the center include HEB, Chick-Fil-A, Chili’s and Panda Express.
"Real estate buyers can find security and ease of management with these fee simple ground leases. This investment offers long term secured capital with none of the usual management hassles associated with owning investment real estate” said VP of Investment Sales Rob Sutton.
For more information about this property please contact Rob Sutton, CCIM.
Greg Cortese, President of The Royston Group and Rob Sutton, Vice President of the Royston Group, specialize in the sale of single tenant net lease properties. The Royston Group is a privately held commercial real estate investment firm, founded in 1992. The company provides services for a multitude of net lease commercial property types including office, industrial, retail and medical. The firm has completed over $1.5 billion in real estate sales since its inception.