For Sale
$2,500,000

8517 Davis BlvdNorth Richland Hills, TX 76182

Texas QSR Investment: Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 2,800 square foot Smoothie Factory Cafe in North Richland Hills, Texas. Located on Davis Boulevard, a high-traffic area (over 23,700 vehicles per day), this property benefits from its prime position within a thriving retail center anchored by major brands such as Walmart, Target, ALDI, Chick-fil-A, LA Fitness, and McDonald's. The property sits on a 0.91-acre lot (APN: 613-1-3R2) and is offered as a fee-simple, net-lease investment with a 15-year lease commencing September 1, 2023, and expiring August 31, 2038. The lease includes 10% rental increases, providing significant long-term passive income with zero landlord responsibilities. The asking price is $2,500,000, representing a price per square foot of $892.86 and a 5.00% cap rate with a net operating income (NOI) of $125,000. This newly remodeled (2023) flagship location for Smoothie Factory, a rapidly expanding brand with 20+ stores, is situated in a highly desirable and affluent suburb of the Dallas-Fort Worth metroplex, boasting strong demographics and significant commercial growth. The property represents a rare opportunity to acquire a corporate-guaranteed asset in this robust market, offering a compelling combination of strong tenant, location, and lease terms. The high household income ($244,970) in the area further underscores the investment potential.

Highlights

  • Brand new 15-year corporate NNN lease with Smoothie Factory (20+ stores, growing); fee simple ownership.
  • Prominent location on a major retail thoroughfare, surrounded by Walmart, Target, ALDI, and Kroger.
  • North Richland Hills, a Dallas-Fort Worth suburb with significant commercial growth.
  • New flagship café prototype for Smoothie Factory; strong growth sector for quick-service restaurants (QSR).
  • 2023 remodel; zero landlord responsibilities; strong corporate guarantor (Brix Holdings LLC).
  • Rare Dallas MSA asset; below-market rent; strong demographics ($244,970 average household income).

Property Details for 8517 Davis Blvd

Property type
Retail properties, Restaurants
Square Feet
2,800 SF
Lot Size (sq. ft)
39,640 SF

Location Insight

City
North Richland Hills
County
Tarrant
State
Texas
Latitude
32.9078389
Longitude
-97.1928301
8517 Davis Blvd, North Richland Hills, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
8517 Davis Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message