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$1,799,000

708 Milam, Mexia, TX, 76667

On MarketInfo
CommercialInfo
Beds Beds
Baths Bath
Baths26,015 Sq Ft
BusinessBusiness
Year BuiltBuilt in 2019

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringCeramic Tile

Exterior

Lot Size42,689 sqft

Land Information

APNR46551
Lot Number2
Land UseCommercial
Legal DescriptionDIVISION E MEXIA, BLOCK 001, LOT 002, ACRES 0.98, 159'X269'
Census Tract970500
Assessed Land Value$65,190
Assessed Improvement Value$447,010
Assessment Year2024

About this property

FORMER BURGER KING RESTAURANT FOR SALE OR SUBLEASE, MEXIA, TEXAS - This offering features a 2019 built building for SALE OR SUBLEASE. Offering a Sale with the current Owner of the property with possession upon Closing and Funding. Or an absolute NNN Sublease to be negotiated with the current Leasee. Owner and Leasee will have zero landlord responsibilities. Sublease can commence immediately upon an executed lease agreement. This interior lot, brick building boasts 2,977 sq. ft. of fast-food restaurant space and a total of 28,992 sf of gross building area. It includes a double drive-through with 2 pick-up windows and a connecting parking lot with pass-through access to Starbucks. Some kitchen equipment conveys with the property. Suggested fast-food restaurants would be: Pei Wei, Panda Express, Wingstop, Buffalo Wild Wings, Long John Silvers, Braum's Ice Cream & Dairy Store, Dairy Queen or Texas Burger.  The site location benefits from excellent visibility and access along Milam Street or also known as Highway 84 with runs East and West through the heart of Mexia, TX. Current local fast food restaurants are McDonald's, Taco Bell, What-a-Burger, Starbucks and several local privately owned sit down or take away restaurants and Food Trucks. Mexia, Texas lies in the Texas Triangle is one of the nation's fastest-growing mega-regions. Mexia is poised to capitalize on this growth due to its strategic location in the Heart of the Texas Triangle. Mexia is also home to Navarro College – Mexia. Mexia Economic Development Corporation has 2 manufacturing companies currently in the construction phase. These 2 future employers will add approx 1300+ jobs to the area by year 2032. Mexia, Texas is located 1 hour east of Waco, 1.5 hours south of Dallas and 3 hours northwest of Houston. Based on TxDOT Statewide Traffic Monitoring Program data, the Annual Average Daily Traffic for Hwy 84 in the vicinity of Mexia generally ranges from 7,000-12,000 vehicles per day (VPD).

Investor Tools

$0Estimated Mortgage Balance
$512,200Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,794 /month
Positive
Cash Flow Estimate:
$3,598 /month

Interested in this property?

Mitzi Eves

Coldwell Banker Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,362/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,784
$512,200
2024
$65,190
$447,010
$512,200
No

Tax History

Year
Tax Paid
Assessed Value
2022
$13,784
$512,200

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$512,200
100%
0%
$0/mo

City: Mexia

708 Milam | Property Details | No Agent List