Kim’s C-Store & IHOP | Pittsburg, TX
Sands Investment Group is Pleased to Present Exclusively For Sale the 8,567 SF Multi-Tenant Absolute NNN Lease Investment Opportunity Located at 2241 US Highway 271 N in Pittsburg, Texas. This Deal Includes a Brand New Construction With a 15 Year Absolute Triple Net (NNN) Lease To Begin at Close of Escrow.
- Site is Within an Opportunity Zone Allowing the Landlord to Take Advantage of the Tax Benefits Offered in the 2017 Tax Cuts and Jobs Act
- Brand New Construction 15 Year Absolute Triple Net (NNN) Lease To Begin at Close of Escrow
- Healthy EBITDAR/Rent Coverage Ratio: 2.25x
- 7.5% Rental Increases Every 5 Years Provides a Secure Hedge Against Inflation
- Excellent Visibility and Access Along Highway-271 Which Sees Over 15,200 Vehicles Per Day
- In-House IHOP & Grocery Sales Drive Local Traffic to This Location as Well as Being Adjacent to the Chrysler Dodge Jeep Ram Dealership
- Experienced Regional Operator With 18+ Locations and Growing
- Truck Stop Destination – 8 MPDs With Diesel Hoses, 6 Diesel Islands and 4 ‘Off-Road’ Dispensers Will Drive Market-Leading Fuel Sales
- Additional Revenue – Site Features 1.5 AC of Truck Parking, a Mini Car Wash Tunnel, a Proposed Truck Wash, a Liquor Store and a Truck/Tire Center Will Boost Sales
- Major Trucking Route: US Highway 271 Connects Tyler, TX With Interstate 30, Which Leads to Texarkana, Denton and Little Rock
- Pittsburg is the Former Home of Pilgrim’s Pride – The Largest Poultry and Egg Producer; Racing Legend Carroll Shelby; and Cavenders Boot City
- Pittsburg is Equidistant By 2 Hours to Dallas, TX (to the West) and Shreveport, LA (to the East)
- Nearby Tenants Include: Dollar General, Family Dollar, Sonic, McDonald’s, Farm Bureau Insurance, True Value Hardware & Lumber, Guaranty Bank & Trust
In Cooperation With Sands Investment Group Austin, LLC – Lic. # 9004706
BoR: Max Freedman – Lic. # 644481
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