Property Name

El Fenix

GLA 7,536 SF

Percent Leased 100% Leased

Property Description

El Fenix is a 7,536 square foot, single-tenant net leased retail asset situated on 1.55 acres at the intersection of Interstate 30 and Interstate 635 in Mesquite, Texas, approximately 15 minutes east of Downtown Dallas.  El Fenix is guaranteed by El Fenix Corporation, and the company is owned and operated by Firebird Restaurant Group with over 50 locations in operation.  At close of escrow, the tenant will sign a new, 15-year NNN Lease with 10% rent escalations every 5 years and two, 5-year renewal options.