TACO CABANA 15002 FM 1825 Pflugerville Texas Orion Investment and Management Ltd Corp 9155 South Dadeland Blvd 1700 Miami FL 33156 Phone 305 2788400 Fax 305 2781540 wwworionmiamicom ID: 816473
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For Sale - $2,408,000 ~ 7.25% Cap RateTACO CABANA15002 FM 1825, Pflugerville, Texas
Orion Investment and Management Ltd. Corp.9155 South Dadeland Blvd., #1700Miami, FL 33156Phone: (305) 278-8400Fax: (305) 278-1540www.orionmiami.com
TACO CABANA
Absolute Triple Net Lease
Building: 3,294 SFLand: 48,101 SFAnnual Rent: $174,579Lease Exp: December 2020Increases Lesser of CPI or 11.4% every 5 years4,5-year options to renew2012 site sales - $2,596,000 (11 months annualized)6.72% rent to sales ratio
FOR MORE INFORMATION CONTACT:KEVIN J. SANZ, CCIM, MSIRE, Investment Mgr. email: ksanz@orionmiami.comNORMAN J. BUHRMASTER, CPM, Senior Vice Presidentemail: nbuhrmaster@orionmiami.com
Pflugerville, Texas
PROPERTY FACTS AND HIGHLIGHTS
Year Built: 1998 Tenant: Texas Taco Cabana LPNASDAQ-GS: Fiesta Restaurant Group Inc. (FRGI)Parent company, Fiesta Restaurant Group, operates and franchises the Taco Cabana and Pollo Tropical brands, with a total of 284 restaurants in the southern United States, the Caribbean, Central America and South America.Taco Cabana Restaurants operate 160 restaurants which feature interior, semi-enclosed and patio dining areas.
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Slide3All information furnished herein is from sources deemed to be reliable, however, there is no representation made herein as to the accuracy or completeness of said information. This offering is submitted subject to price change, corrections, errors, omissions, contract, prior disposition and/or withdrawal without notice. The data presented herein is for information purposes only, any interested parties are expected to make their own independent investigation of this and any other information they deem appropriate.