For Sale
$850,000

405 Main StTaylor, TX 76574

Profitable Mexican Restaurant, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a thriving Mexican restaurant located at 405 S Main St, Taylor, TX 76574. The 2,000 square foot, single-story building sits on a 5,227 square foot lot and is zoned B2. Built in 1960 and extensively renovated in 2019, the property boasts recent updates including new wiring, roof, insulation, and flooring, along with kitchen improvements. Currently operating at 100% occupancy since November 30, 2022, the restaurant benefits from a high-traffic location on Hwy 95 in downtown Taylor. The Net Lease (NNN) agreement has a remaining term of approximately 1.4 years, expiring April 30, 2026, with a lease commencement date of April 15, 2024. The asking price is $850,000, representing a price per square foot of $425 and a 5.41% cap rate. The property generates a Net Operating Income (NOI) of $45,960. This is a turnkey operation ideal for investors seeking a strong return in a prime location. The property is offered for sale by owner. All information is believed to be accurate but is not guaranteed and should be independently verified.

Highlights

  • Thriving Mexican restaurant in high-traffic downtown Taylor location.
  • 2,000 SF building on a 5,227 SF lot, B2 zoning.
  • Recently renovated (2019) with new roof, wiring, insulation, flooring, and kitchen upgrades.
  • 100% occupancy since November 30, 2022; Hwy 95 frontage.
  • NNN lease with approx. 1.4 years remaining (expires April 30, 2026); $850,000 asking price ($425/SF); 5.41% cap rate; $45,960 NOI.

Property Details for 405 Main St

Property type
Retail properties, Restaurants
Square Feet
2,000 SF
Class
B
Year Built/Renovated
1960/2019
Buildings
1
Stories
1

Location Insight

City
Taylor
County
Williamson
State
Texas
Latitude
30.5643678
Longitude
-97.4087125
405 Main St, Taylor, Texas

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405 Main St
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