Two-Concept Restaurant Master
For Sale
Contact for pricing
1012 E Tyler St, Athens, TX 75751
Long-term absolute master lease covers two restaurant concepts with zero landlord responsibility and 1.5% annual increases.
Property Size3,840 SF
Price / SF$358.07
Days on Market911
Property Features for 1012 E Tyler St
General Information
Standard status
Active
Size
3,840 SF
Property subtype
RETAIL
Additional Details
Business Included
No
Building Details
Tenancy
Single
Listing Agency:
STRIVE
(469) 844-8890
Listed By:
Adam Gottschalk · License #TX 636961
(469) 844-8890
Source:
Moodyscre
Added: Jan 31, 2024
Changed: Jul 28
Last Checked: Jul 30 at 1:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of STRIVE
Investment Insights
Based on property information with market context.
This for-sale restaurant property is offered with a long-term absolute master lease covering both concepts on the premises. The arrangement is presented as making the investment more passive for a potential buyer, with zero landlord responsibility noted in the remarks. Rental terms include 1.5% annual rental increases. The property comprises 3,840 square feet.
Located at 1012 E Tyler St in Athens, Texas, the surrounding retail area includes well-known national brands such as Starbucks, Walmart, McDonald’s, Walgreens, Applebee’s, Dairy Queen, CVS, Braums, Domino’s, Boot Barn, Chili’s, and others.
Located at 1012 E Tyler St in Athens, Texas, the surrounding retail area includes well-known national brands such as Starbucks, Walmart, McDonald’s, Walgreens, Applebee’s, Dairy Queen, CVS, Braums, Domino’s, Boot Barn, Chili’s, and others.
Key Highlights
- Long‑term absolute master lease for two restaurant concepts on the premises
- Zero landlord responsibility under the master lease
- 1.5% annual rental increases
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.8k | $24.96 |
| − Vacancy | −$4.8k | −$1.25 |
| EGI | $91.1k | $23.71 |
| − OpEx | −$22.8k | −$5.93 |
| NOI | $68.3k | $17.78 |
3,840 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$975.6K
$853.6K – $1.14M
NOI $68,291 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,556 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
375k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Superstores 19%
Shops & Services 13%
Groceries 9%
Walmart
Superstores
71,445 visits/mo
0.2 miles
Brookshire's
Groceries
33,055 visits/mo
0.5 miles
McDonald's
Dining
25,654 visits/mo
0.2 miles
Whataburger
Dining
24,577 visits/mo
0.4 miles
Murphy USA
Shops & Services
24,410 visits/mo
0.2 miles
Demographics for 75751, TX
17,100
Population
7,432
Households
2.3
Avg Household Size
39
Median Age
20%
College-Educated
85%
High-School Grad
180.4 sq mi
ZIP Area
95
Density / Sq Mi
$71,524
Median Household Income
$31,897
Median Earnings
$1,063
Median Rent
$205,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Long-term absolute master lease covers two restaurant concepts with zero landlord responsibility and 1.5% annual increases.
Where is this conventional restaurant located?
The property is located at 1012 E Tyler St Athens, TX.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Long‑term absolute master lease for two restaurant concepts on the premises; Zero landlord responsibility under the master lease; 1.5% annual rental increases
