2501 Hubbard StMineral Wells, TX 76067

Property Details for 2501 Hubbard St

Year built

1978

Lot size

0.67 AC

Property size (Sq ft)

24,000 SF

Property type

Other commercial real estate

APN

43340000

APU

43340000

Description

This exceptional investment opportunity presents a brand-new, 2024-constructed Popeyes restaurant featuring a drive-thru. Located at 2501 E Hubbard St, Mineral Wells, TX 76067, this 2,400 square foot property sits on a 0.67-acre lot and boasts a 20.1-year absolute NNN ground leaseback with a franchisee tenant. The lease includes 7.5% rent bumps every five years, ensuring consistent income growth. The property's strategic location along a major retail corridor in Mineral Wells, Texas, provides excellent visibility and accessibility. Mineral Wells benefits from its proximity to the Dallas-Fort Worth MSA, a significant economic driver. The area features numerous national retailers, including Walmart, Tractor Supply, and others, ensuring high traffic and consumer density. Furthermore, the property's proximity to Fort Wolters, a former military installation now repurposed as an industrial park, and the Brazos Shopping Center, a large retail hub, adds to its appeal. The property also benefits from its proximity to Mineral Wells Airport, contributing to the local economy. The asking price is $2,836,364, representing a 5.50% cap rate and a $156,000 net operating income (NOI). This is a rare opportunity to acquire a high-performing, long-term net lease investment in a growing Texas market. The property is classified as Class A and is part of the QSR/Fast Food, Restaurant, and Storefront sectors.

• Alternative Use

  Use

  Valuation

  Residential

  $6,673,076

  Hospitality

  $6,112,502

  Educational

  $5,085,530

  Medical

  $5,260,428

  Retail

  $7,910,824

Location Insight

City

Mineral Wells

County

Palo Pinto

State

Texas

Latitude

32.8096

Longitude

-98.093

CBSA code

33420

CBSA name

MINERAL WELLS, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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