118 Parsons St B Manor, TX 78653-5153
Prime opportunity to acquire a thriving, turnkey sports bar in Manor, Texas. Located at 118 E Parsons St, this established business enjoys a strong customer base and positive cash flow. The 4,500-5,500 square foot, two-story building, situated on a 4,312 square foot lot, underwent a complete renovation in 2020. The property features custom artwork, a high-quality sound system, and multiple screens ideal for showcasing sporting events, creating an inviting atmosphere for patrons. The business operates under a triple net (NNN) lease with a remaining term of approximately 2.9 years (commencing October 30, 2024, and expiring October 31, 2027). The lease is for a single unit within a C-1 Light Commercial zoned property, offering ample parking with 25 spaces available. Built in 1900, this well-maintained establishment is ready for immediate operation, presenting a seamless transition for a new owner. No rent bumps are included in the lease agreement. The asking price is $225,000. This represents a unique opportunity to own a successful business in a rapidly developing area of Manor, Texas.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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