3549 Catclaw Dr Abilene, TX 79606

Property Details for 3549 Catclaw Dr

Year built

2005

Lot size

1.23 lot acres

Property size

6,675 SF

Property type

Commercial real estate

APN

60450000300

APU

60450000300

Description

This exceptional investment opportunity presents a brand-new, 15-year absolute NNN lease with Red Robin Gourmet Burgers and Brews. Located at 3549 Catclaw Dr, Abilene, TX 79606, this 6,675 square foot restaurant sits on a 1.23-acre lot and benefits from a prime location within a major retail corridor. The lease commenced August 30, 2023, and features four, 5-year renewal options with 10% rent increases every five years. The property boasts a strong NOI of $215,000, resulting in a 6.50% cap rate. The lease is corporately guaranteed, offering significant security for investors. The property's strategic location is an outparcel to The Shops at Abilene, a dominant regional power center anchored by well-known national retailers. High traffic counts are a significant advantage, with nearby roads registering a combined 105,108 vehicles per day. The property's proximity to Dyess Air Force Base (6 miles) and Downtown Abilene (10 miles) further enhances its appeal. Nearby businesses include The Home Depot, Walmart Supercenter, Burlington, Dollar Tree, Five Below, Wendy's, Mattress Firm, The UPS Store, Dollar General, Chick-fil-A, and Denny's. This is a rare opportunity to acquire a passively managed, high-performing asset with substantial long-term growth potential. The asking price is $3,307,692. The building was constructed in 2005.

Location Insight

City

Abilene

County

Taylor

State

Texas

Longitude

-99.7762

Latitude

32.4082

CBSA code

10180

CBSA name

ABILENE, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments