Royston Group Sells Whataburger Ground Lease in Texas for $1.47 Million
Los Angeles, CA (PRWEB) July 31, 2013 -- The Royston Group has closed the sale of a freestanding Whataburger fast service restaurant located in Copperas Cove, Texas. The 2,530 square foot building sits on .95 acres of land and is 100% leased to Whataburger on an absolute NNN basis.
The building is located near Fort Hood and was constructed in 2013. The site is leased to Whataburger on an absolute triple net ground lease for 15 years with rent increases every 5 years. The transaction was completed on an all cash basis in 18 days. Both the buyer and the seller are based out of Texas.
“The market for these triple net ground lease sites is very aggressive and competitive today. Buyers are closing these transactions all cash and very quickly as demand continues to rise for these types of net lease investments,” said Vice President Rob Sutton.
Call or email the Royston Group for more information on this property or to address any of your single tenant real estate needs.
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. http://www.theroystongroup.com
Rob Sutton, The Royston Group, http://www.theroystongroup.com, 310-451-2100, [email protected]
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