For Sale
$2,054,000

4917 Colleyville Blvd Colleyville, TX 76034

Profitable HTeaO QSR, 15-year lease.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 1,776 square foot HTeaO fast-food restaurant located at 4917 Colleyville Blvd, Colleyville, TX 76034, within the Dallas-Fort Worth MSA. The property, built in 2023, sits on a 0.47-acre lot and includes 13 parking spaces. The single-tenant, absolute NNN lease with Double Tea II, LLC, boasts a remaining term of 15 years, with three 5-year renewal options. Rent increases by 10% every five years, ensuring consistent income growth. The property features a dual drive-thru, enhancing customer convenience and sales potential. This strategically located site benefits from high visibility on Colleyville Blvd, a major thoroughfare with 32,900 average daily vehicles, and proximity to a strong retail corridor including Walmart, Whole Foods, Sprouts, and Lowe's. The 5-mile trade area boasts over 263,000 residents and 121,000 daytime employees, with an average household income of $138,245. The asking price is $2,054,000, representing a 6.25% cap rate and a $128,400 net operating income (NOI). The property is zoned for general commercial use and has an APN of 20606-1-1. This is a management-free investment opportunity in a strong, growing market.

Highlights

  • Fee-simple ownership of a new 1,776 sq ft HTeaO restaurant.
  • Located at 4917 Colleyville Blvd, Colleyville, TX 76034, in the Dallas-Fort Worth MSA.
  • 0.47-acre lot with 13 parking spaces and a dual drive-thru.
  • Absolute NNN lease with Double Tea II, LLC, 15 years remaining with three 5-year options; 10% rent increases every five years.
  • High visibility location on Colleyville Blvd (32,900 AADT), near major retailers.
  • Strong demographics: 263,000 residents & 121,000 daytime employees within a 5-mile radius; $138,245 average household income.

Property Details for 4917 Colleyville Blvd

Property type
Retail properties
Square Feet
1,776 SF
Year Built
2023
Buildings
1
Lot Size (sq. ft)
20,473 SF

Location Insight

City
Colleyville
County
Tarrant
State
Texas
Latitude
32.881207
Longitude
-97.154858

FAQs

What type of property is this?
Retail property - Profitable HTeaO QSR, 15-year lease.
Where is the retail property located?
The property is located at 4917 Colleyville Blvd Colleyville, TX.
What is the asking price?
The asking price for this property is $2,054,000.
What are key features of this property?
This property features: Fee-simple ownership of a new 1,776 sq ft HTeaO restaurant.; Located at 4917 Colleyville Blvd, Colleyville, TX 76034, in the Dallas-Fort Worth MSA.; 0.47-acre lot with 13 parking spaces and a dual drive-thru.
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4917 Colleyville Blvd
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