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1821 Crestridge Drive

Mesquite TX 75149

0.34 ac.
Single-Family
Currently for sale - view listing

Overview

Fully service restaurant 3150 S.F. in condensed residential, apartments, and retail areas. 15-years lease with 7-years and 5 months remaining. Current rent $4300 a month. 3-1-2024 rent increase to $4600 a month with a cap rate 5.5%, 3-1-2027 rent increase to $4900 with a cap rate 5.9%. Lease expires 2-28-2030. Come with some fixtures and furniture (ventahood, stove, grill, walk-in cooler, 3 compartment sink, hand sink, mop sink, tables and chairs etc.). Washer, dryer connection. 1000 gallon grease trap. Everything meets the city requirment. Solid building with great appeal. Excellent investment opportunity.

Features

0.34 ac. lot size
Single-Family

Happy sellers in Mesquite

80%
80% of sellers in Mesquite reported that their sale price either exceeded or met their price expectations.

Mesquite stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Mesquite over the last 12 months.

Local market activity for single-family properties in Mesquite

In the last 12 months, 473 single-family properties similar to 1821 Crestridge Drive, have been sold.

This represents a 15% increase in single-family properties sales when compared to the previous 12 months.

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