2501 Hubbard StMineral Wells, TX 76067

For Sale
$2,836,364

Texas QSR Investment, 20-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a brand-new, 2024-constructed Popeyes restaurant featuring a drive-thru. Located at 2501 E Hubbard St, Mineral Wells, TX 76067, this 2,400 square foot property sits on a 0.67-acre lot and boasts a 20.1-year absolute NNN ground leaseback with a franchisee tenant. The lease includes 7.5% rent bumps every five years, ensuring consistent income growth. The property's strategic location along a major retail corridor in Mineral Wells, Texas, provides excellent visibility and accessibility. Mineral Wells benefits from its proximity to the Dallas-Fort Worth MSA, a significant economic driver. The area features numerous national retailers, including Walmart, Tractor Supply, and others, ensuring high traffic and consumer density. Furthermore, the property's proximity to Fort Wolters, a former military installation now repurposed as an industrial park, and the Brazos Shopping Center, a large retail hub, adds to its appeal. The property also benefits from its proximity to Mineral Wells Airport, contributing to the local economy. The asking price is $2,836,364, representing a 5.50% cap rate and a $156,000 net operating income (NOI). This is a rare opportunity to acquire a high-performing, long-term net lease investment in a growing Texas market. The property is classified as Class A and is part of the QSR/Fast Food, Restaurant, and Storefront sectors.

Highlights

  • 20-year absolute NNN ground leaseback with 7.5% rent increases every five years; brand-new 2024 construction with drive-thru.
  • Excellent visibility and accessibility on E Hubbard St/Hwy 180, a major retail corridor in Mineral Wells.
  • Located 40 miles from Fort Worth, benefiting from proximity to the Dallas-Fort Worth MSA.
  • Near numerous national retailers including Walmart, Tractor Supply, and others.
  • Situated near Mineral Wells' industrial hub, including light industrial, manufacturing, and distribution centers.
  • Minutes from Fort Wolters, a former military installation now repurposed as an industrial park.

Property Details for 2501 Hubbard St

Property type
Other retail properties, Individual retail properties
Square Feet
2,400 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
29,185 SF

Location Insight

City
Mineral Wells
County
Palo Pinto
State
Texas
Latitude
32.8094903
Longitude
-98.0930121
2501 Hubbard St, Mineral Wells, Texas

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2501 Hubbard St
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