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210 E Commerce Street

Brownwood, TX 76801
  • $1,160,000
  • STATUS: Active Option Contract
  • ON SITE: 84 Days
  • MLS #: 14665969
Under Contract
UPDATED: 57 min ago
$1,160,000
  • 0
    BEDS
  • 1.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2004
County:
Area:

School Ratings & Info

Offered by Mark Campbell of Coldwell Banker - Mark Campbell & Assc.

Description

This is a (Ground Lease) with Brinker International, Inc. The lease originally commenced on May 20, 2004 with an original term of 10 Years with Four (5) year renewal options. The current annual rental rate is $58,080 per year through May of 2024. The Lease Structure is Absolute Triple Net. The tenant constructed and paid for the building. Landlord has no maintenance, repair or replacement responsibility for the building or land, such responsibility is solely that of the tenant. 10% rental increases at the beginning of the next (2) five year options. Upon expiration of the Lease Term (including any extensions or renewals thereof), the Building and other Improvements shall be the property of Lessor. 5% Cap

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© 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Benchmark Real Estate Services. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Benchmark Real Estate Services are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-12-03T19:39:40.807.
www.benchmarkliving.com/homes/121261541
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210 E Commerce Street Brownwood, TX 76801

  • Price: $1,160,000
  • Status: Active Option Contract
  • On Site: 84 Days
  • Updated: 57 min ago
  • MLS #: 14665969
0
Beds
0
Baths
0
½ Baths
1.42
Acres
2004
Built
Neighborhood:
J R Looney Hwy Add &
County:
Brown
Area:
Brownwood
Property Description
This is a (Ground Lease) with Brinker International, Inc. The lease originally commenced on May 20, 2004 with an original term of 10 Years with Four (5) year renewal options. The current annual rental rate is $58,080 per year through May of 2024. The Lease Structure is Absolute Triple Net. The tenant constructed and paid for the building. Landlord has no maintenance, repair or replacement responsibility for the building or land, such responsibility is solely that of the tenant. 10% rental increases at the beginning of the next (2) five year options. Upon expiration of the Lease Term (including any extensions or renewals thereof), the Building and other Improvements shall be the property of Lessor. 5% Cap
Exterior Features

Construction Rock/StoneSiding Construction Materials Walls BrickOther Foundation Slab Parking Or Garage Open Road Frontage Type Asphalt Roof Built-Up

Interior Features

Ceiling Height Other Commercial Features Cooler/Freezer Flooring Concrete Heating Central Air-ElecCentral Heat-Gas Sq Ft Building 4215 Sq Ft Gross 4215 Sq Ft Leasable 61768

Property Features

Building Area Source Tax Building Use Restaurant Business Name Chili's Commercial Zoning R-Indus Construction Status Preowned Gross Annual Expenses 0 Gross Annual Income 58080 Inclusions Land Only Income Expense Source None Lease Terms 2.5 Years Lot Size Source Tax Multi Zoning No Municipal Utility District No Net Annual Income 58080 Possession Subject To Lease Property Type Com-Sale Proposed Financing CashConventional Special Notes Aerial PhotoFlood Plain Tenant Pays All UtilitiesElectricGasRenters InsuranceSewer Unexempt Taxes 30150 Utilities City SewerCity Water Will Subdivide No

Listing information © 2021 North Texas Real Estate Information System.


© 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Benchmark Real Estate Services. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Benchmark Real Estate Services are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-12-03T19:39:40.807.
 
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Benchmark Real Estate Services
610 Maryland Dr.
Athens TX, 75751
Offered by Mark Campbell of Coldwell Banker - Mark Campbell & Assc.