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This absolute NNN leased Casa Ole' restaurant is located in Silsbee Texas. After 14 years, the tenant is exercising a 5-year option, extending the current lease term to 11 years. There are 3, 5-year options remaining. Annual rent increases are 1.5%. The lease is absolute NNN with no landlord responsibilities. The original 20-year NNN lease commenced in 2004, and the lease is guaranteed by parent company Mexican Restaurants, Inc. (MRI). Casa Ole' is a full-service Mexican restaurant which consists of ownership of improved land (41,817 square feet) occupied by a 3,941 square foot building. The property is located on Highway 96 S, a very well trafficked highway, and is a self-standing building with plenty of parking spaces.
Silsbee is in Hardin County, Texas. It is located at the intersection of U.S. Highway 96 and State Highway 327. Silsbee is approximately 80 miles east of Houston and 16 Miles north of Beaumont. Silsbee is the principal commercial center of Hardin County, is located at the edge of the Piney Woods region about fifteen miles northeast of the Port of Beaumont on the Texas Gulf coast and is within easy driving distance to the Houston metropolitan area.
Carmel Valley / Del Mar
12780 High Bluff Drive, Suite 130
San Diego, CA 92130
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