Investment Highlights

NEW 20-YEAR SALE-LEASEBACK
» NNN lease with no landlord management, providing an ideal investment for an out-of-area investor
» 20-year initial term, plus five (5) five (5) year options, with scheduled rental increases every five years, providing a hedge against inflation
» Captain D’s was recently ranked as one of the top 200 franchise concepts in Entrepreneur’s 2019 Franchise 500 list
» 35-foot pylon sign along West Washington

HIGH-TRAFFIC LOCATION IN DENSELY POPULATED AREA
» 23,290 AADT directly in front of the property on West Washington Street
» 31,700 residents within a 10-mile radius of the property
» Neighbored by Bosque River Apartments (136 units)
» Walking distance from four hotels, including Holiday Inn Express & Suites
Stephenville (82 rooms) and La Quinta Inn & Suites by Wyndham Stephenville (68 rooms)
» Located along U.S. Route 377 (major north-south thoroughfare connecting Mexico and Oklahoma)

NEAR LARGE SCHOOLS, EMPLOYERS, AND RETAILERS
» Two miles from the largest employer in Stephenville, Tarleton State University (13,011 students, 1,400 employees)
» Walking distance from TechnipFMC (735 employees)
» Convenient access to Saint-Gobain Abrasives Inc. (470 employees)
» Across the street from Bosque River Centre (35 stores)
» Surrounded by several notable national retailers, including Walmart Supercenter, Burger King, McDonald’s, Starbucks, Sonic Drive-In, Jack in the Box, Taco Bell, Staples, and many more
» Within a four-mile radius of Stephenville High School (1,040 students), Hook Elementary School (604 students), Henderson Junior High School (559 students), Chamberlin Elementary School (557 students), and Central Elementary School (407 students)

Property Description

SOLD

The property is strategically located on West Washington Avenue/U.S. Route 377, with excellent visibility and access to 23,290 vehicles per day directly in front of the property. U.S. Route 377, known as West Washington Avenue within Stephenville, serves as the city’s primary retail and transportation corridor. U.S. Route 377 is also a major north–south thoroughfare within Texas and Erath Country, connecting Mexico and Oklahoma. The site resides in a densely populated area, with 31,700 residents living within a 10-mile radius of the property. The site is also within walking distance of Bosque River Apartments (136 units) and four hotels, including La Quinta Inn & Suites by Wyndham Stephenville and Holiday Inn Express & Suites Stephenville (combined 150 rooms).

Visibility is increased by the site’s proximity near large schools, employers, and retailers. The property is within walking distance of Bosque River Centre shopping plaza, which features 35 stores and a strong mix of local and national tenants, including Tractor Supply Company, Hibbett Sports, Planet Fitness, rue21, Cinemark Cinema 6, and many more. Other notable national retailers surrounding the site include Walmart Supercenter, Burger King, McDonald’s, Starbucks, Sonic Drive-In, Jack in the Box, Staples, and Taco Bell. The location resides two miles from the largest employer in Stephenville, Tarleton State University, which features 13,011 students and 1,400 employees. The site is also within walking distance of TechnipFMC (735 employees) and has immediate access to Saint-Gobain Abrasives Inc. (470 employees). Additionally, the property is within a four-mile radius of five schools with a combined enrollment of 3,167 students.