Freestanding Drive-Through NNN
For Sale
Contact for pricing
Pending
2900 Lamar Ave, Paris, TX 75460
Newly constructed beverage property with a corporate absolute NNN lease and multiple extension options.
Property SizeContact for details
Days on Market144
Property Features for 2900 Lamar Ave
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Sep 1 at 10:45AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This fee-simple property includes the land and building occupied by HTeaO, a freestanding beverage concept with drive-through service. The improvements feature new construction, contemporary design, and current-generation amenities. A newly executed 10-year corporate lease is structured on an absolute NNN basis, with six 5-year extension options and scheduled rent growth of approximately 6% during the initial term and 10% at each option renewal.
The property fronts Lamar Avenue, an arterial carrying more than 20,000 vehicles per day, and offers access to State Highway 286, which reports 29,200 VPD. Paris Towne Center is within walking distance and contains 300,000 square feet of community retail anchored by Hobby Lobby, Aldi, Ross, Big Lots, and Hibbett Sports. Additional surrounding retailers include Home Depot, Walmart Supercenter, Petco, Harbor Freight, Walgreens, and CVS.
The site is also near several multifamily communities, including Spanish Oaks Apartments with 116 units, Pine Creek Apartments with 136 units, and Greenbriar Apartments with 96 units. The five-mile trade area includes more than 29,000 residents and 18,000 daytime employees, with average household income above $61,000.
The property fronts Lamar Avenue, an arterial carrying more than 20,000 vehicles per day, and offers access to State Highway 286, which reports 29,200 VPD. Paris Towne Center is within walking distance and contains 300,000 square feet of community retail anchored by Hobby Lobby, Aldi, Ross, Big Lots, and Hibbett Sports. Additional surrounding retailers include Home Depot, Walmart Supercenter, Petco, Harbor Freight, Walgreens, and CVS.
The site is also near several multifamily communities, including Spanish Oaks Apartments with 116 units, Pine Creek Apartments with 136 units, and Greenbriar Apartments with 96 units. The five-mile trade area includes more than 29,000 residents and 18,000 daytime employees, with average household income above $61,000.
Key Highlights
- Corporate HTeaO tenancy under a newly signed 10‑year absolute NNN lease
- Six 5‑year extension options with approximately 6% initial‑term and 10% option‑period increases
- Freestanding new‑construction building with drive‑through service
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
57k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 42%
Beauty & Spa 1%
CEFCO
Shops & Services
17,504 visits/mo
0.2 miles
SONIC Drive In
Dining
11,345 visits/mo
0.4 miles
HTeaO
Dining
5,803 visits/mo
0.0 miles
Guaranty Bank
Shops & Services
5,271 visits/mo
0.5 miles
Daylight Donuts
Dining
5,192 visits/mo
0.4 miles
Demographics for 75460, TX
22,925
Population
11,210
Households
2
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
225
Density / Sq Mi
$44,241
Median Household Income
$30,546
Median Earnings
$895
Median Rent
$123,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Newly constructed beverage property with a corporate absolute NNN lease and multiple extension options.
Where is this nnn property located?
The property is located at 2900 Lamar Ave Paris, TX.
What are key features of this property?
This property features: Corporate HTeaO tenancy under a newly signed 10‑year absolute NNN lease; Six 5‑year extension options with approximately 6% initial‑term and 10% option‑period increases; Freestanding new‑construction building with drive‑through service
