For Sale
$2,952,381

2015 Belt Line RdCarrollton, TX 75006

High-return Texas QSR investment.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 2,835 square foot Popeyes restaurant located at 2015 E Belt Line Rd, Carrollton, TX 75006, in a high-traffic area with daily traffic counts exceeding 32,000 vehicles. The property boasts a 20-year absolute net lease with a strong franchisee tenant, providing significant financial stability. The lease features 10% rent bumps every five years, ensuring consistent income growth. A complete renovation was completed in 2024, encompassing both the exterior and interior, including the roof. This Class A property sits on a 0.56-acre lot and benefits from its prime location along a major retail corridor near Interstate-35E (179,000+ vehicles per day). The surrounding area is densely populated, with an average household income exceeding $103,000 and over 352,000 people residing within a 5-mile radius. The property's proximity to numerous established business parks, medical and regional office spaces, distribution centers, industrial and manufacturing plants, and educational institutions like RL Turner High School and the University of Texas at Dallas, ensures a large and consistent customer base. Furthermore, its location near major national retailers like The Home Depot, Target, and Kroger adds to its appeal. The property's Net Operating Income (NOI) is $155,000, resulting in a 5.25% cap rate. The lease expires on September 30, 2044, offering a remaining term of approximately 19.9 years. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term growth potential. The building was originally constructed in 1975.

Highlights

  • 20-year absolute net lease with 10% rent increases every 5 years. Complete 2024 renovation.
  • High-traffic corner location with over 32,000 vehicles daily, near I-35E (179,000+ VPD).
  • Affluent area with $103,000+ average household income and 352,000+ residents within 5 miles.
  • Strong daytime employment base near business parks, medical facilities, and industrial centers.
  • Close proximity to Downtown Dallas.
  • Walking distance to RL Turner High School and other schools.

Property Details for 2015 Belt Line Rd

Property type
Retail properties, Restaurants
Square Feet
2,835 SF
Class
A
Year Built/Renovated
1975/2024
Lot Size (sq. ft)
24,394 SF

Location Insight

City
Carrollton
County
Dallas
State
Texas
Latitude
32.9540206
Longitude
-96.884478
2015 Belt Line Rd, Carrollton, Texas

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2015 Belt Line Rd
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