For Sale
$3,262,000

5501 Rowlett Rd Rowlett, TX 75088

Rowlett, TX: NNN Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a fee-simple ownership of a 2,236 square foot Chicken Express restaurant in Rowlett, Texas. Located on a 0.6-acre lot at 5501 Rowlett Rd, 75088, this single-tenant, absolute NNN (triple net) lease boasts a 15-year term with three 5-year renewal options. The property, built in 1997 and situated in a C2 Central Commercial Zone, features 29 parking spaces and benefits from a prime location near a major thoroughfare (President George Bush Turnpike, 26,300 vehicles per day) ensuring high visibility and accessibility. The lease includes a 10% rent increase every five years, providing a hedge against inflation and steadily growing net operating income (NOI) of $195,705, resulting in a 6.00% cap rate. The asking price is $3,262,000 ($1,458.86 per square foot). The franchisee tenant demonstrates strong commitment with this new long-term lease. This property offers a management-free investment opportunity with significant upside potential due to the strong tenant, favorable lease terms, and excellent location within a densely populated retail corridor. The Dallas County location offers strong demographics, including six-figure incomes and a large consumer base. The property's APN is 440083000A0020000.

Property Details for 5501 Rowlett Rd

Property type
Retail properties
Square Feet
2,236 SF
Year Built
1997
Buildings
1
Lot Size (sq. ft)
26,136 SF

Location Insight

City
Rowlett
County
Dallas
State
Texas
Latitude
32.9093058
Longitude
-96.5698707

FAQs

What type of property is this?
Retail property - Rowlett, TX: NNN Lease, High ROI
Where is the retail property located?
The property is located at 5501 Rowlett Rd Rowlett, TX.
What is the asking price?
The asking price for this property is $3,262,000.
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5501 Rowlett Rd
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