EVO Entertainment NNN Property For Sale — Schertz, TX
This NNN leased EVO Entertainment property is an ideal low-management investment opportunity located in Schertz, Texas. The tenant has approximately 8 years remaining on the initial term with two 5-year options to extend, demonstrating a strong commitment to the location. The lease features 10% rental increases every 5 years, providing steady NOI growth and a hedge against inflation. This NNN lease has minimal landlord responsibilities. The property benefits from strong store-level EBITDA and robust sales (details available upon request). The lease is personally guaranteed by an experienced operator in the entertainment industry. Strategically situated just off Interstate 35, which sees over 149,900 vehicles daily, the property is in a high-traffic retail corridor. It is located approxima…
- Asking price $24.05M
- 7.50% cap rate
- NOI $1.80M
- 8 years remaining
- NNN lease
Asset type: Retail