About This Restaurant
Investment Highlights
High-visibility and easily accessible location on North Shiloh Road, the area?s major traffic & retail corridor, with access to over 18,000 vehicles New 15-year absolute NNN corporate lease with 10% rental increases every five years Located across the street from International Leadership of Texas - Garland High School No landlord management, an ideal opportunity for an out-of-area investor
Executive Summary
This Dutch Bros is strategically positioned just off the signalized intersection of Arapaho Road & North Shiloh Road, with access to a combined 41,000 vehicles per day.Ideal location with proximity to several Garland ISD (the secondlargest district in Dallas County) including North Garland High School (2,752 students), LV Berkner High School STEM Academy (2,394 students), Naaman Forest High School (2,224 students), and Webb Middle School (1,072 students).As one of the state?s largest manufacturing cities, Garland has a rich manufacturing history and is home to many large industrial employers such as the Texas Instruments Incorporated HQ (34,000 company-wide employees) as well as the Kraft Heinz and US Foods distribution warehouses (1,316 total employees)The average annual household income within 3 miles of the site is $109,671, providing an affluent customer base for the site.336,389 residents live within 5 miles of the site, creating a stable customer base for the site.This McDonald?s is less than 20 miles from Dallas, the third most populous city in Texas and the ninth most populous city in the United States with a total population of 1,295,447 as of 2023.
Property Details
- Sale Type Investment NNN
- Sale Condition 1031 Exchange
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Restaurant General Retail Storefront Fast Food
- Building Size 950
- Building Class B
- Year Built 2024
- Price 2,572,000
- Price Per SF 2,707
- Cap Rate 5.25
- NOI 135,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.02
- Land Acres 1.15 AC
Date Created: | 2024-07-16 04:23:45 | Last Updated: | 2024-07-16 04:23:45 |
Address: | 4688 N Shiloh Rd , Garland, Texas, 75044 |