1000 San Jacinto Ln Bryan, TX 77803-1663

Property Details for 1000 San Jacinto Ln

Construction

WOOD

Lot size

0.37 lot acres

Property size

2,476 SF

Property type

Commercial real estate

APN

591000-0202-0010

APU

59100002020010

Description

This exceptional investment opportunity presents a fully leased, single-tenant restaurant building located at 1000 San Jacinto Ln, Bryan, Texas 77803. The property, built in 1994, boasts 2,476 square feet of net rentable space in a Class C building. Currently operating under a gross lease, the tenant is committed to a five-year lease commencing November 1st, 2024, and expiring October 31st, 2029, leaving approximately 4.9 years remaining. The lease includes escalations, and the current rent is $1.50 per square foot, generating a substantial net operating income (NOI) of $35,654. This translates to an attractive cap rate of 8.92% based on the asking price of $399,900, or $161.51 per square foot. The property benefits from a high traffic location, evidenced by an AADT (Average Annual Daily Traffic) of 17,577 in 2022. The building is a single-story structure and is categorized as a stabilized investment. The occupancy date for the current lease is January 1st, 2025. This is a rare opportunity to acquire a stable, income-producing restaurant property in a desirable location with a strong lease in place. The property is being offered for sale by owner.