7700 Texas 78Sachse, TX 75048

For Sale
$4,418,503
High-yield NNN lease, strong tenant

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a 3,005-square-foot Hat Creek Burger restaurant located at 7700 Texas 78 in Sachse, Texas, 75048. The property boasts a highly desirable absolute triple-net (NNN) lease with zero landlord responsibilities, offering a secure and passive income stream. The current lease, initiated on August 12, 2019, has a remaining term of approximately 14.7 years, extending to August 31, 2039, with four 5-year renewal options. Rent increases are built in, with a 10% bump every five years, ensuring consistent growth in rental income. The property's strong financial performance is reflected in a 6.25% cap rate and a net operating income (NOI) of $276,156. The asking price is $4,418,503, translating to a price per square foot of $1,470.38. Built in 2019, this strategically located outparcel benefits from high visibility at the intersection of TX State Highway 78 and Woodbridge Parkway, experiencing an average daily traffic count exceeding 40,000 vehicles. Its proximity to a Walmart Supercenter and LA Fitness further enhances its appeal. The property's essential use nature, coupled with a drive-thru and multiple access points, contributes to its robust performance. The surrounding area demonstrates impressive demographics, with a population exceeding 218,000 residents and an average household income of $125,342 within a 5-mile radius, situated in one of the nation's fastest-growing counties. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term growth potential. 100% occupancy is currently maintained.

Highlights

  • Over 14 years remaining on a long-term, absolute triple-net (NNN) lease with zero landlord responsibilities.
  • 10% rent increases every five years.
  • Hat Creek Burger, a growing Texas chain, is the tenant.
  • High-traffic location at TX State Highway 78 and Woodbridge Pkwy (40,000+ VPD).
  • Essential-use tenant with drive-thru and multiple access points.
  • Strategically located outparcel near LA Fitness and across from a Walmart Supercenter.

Property Details for 7700 Texas 78

Property type
Retail properties, Restaurants
Square Feet
3,005 SF
Year Built
2019

Location Insight

City
Sachse
County
Dallas
State
Texas
Latitude
32.9903558
Longitude
-96.5725155
7700 Texas 78, Sachse, Texas

FAQs

What type of property is this?
Retail property - High-yield NNN lease, strong tenant
Where is the retail property located?
The property is located at 7700 Texas 78 Sachse, TX.
What is the asking price?
The asking price for this property is $4,418,503.
What are key features of this property?
This property features: Over 14 years remaining on a long-term, absolute triple-net (NNN) lease with zero landlord responsibilities.; 10% rent increases every five years.; Hat Creek Burger, a growing Texas chain, is the tenant.
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.
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7700 Texas 78
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