For Sale
$3,681,563

1501 Hebron PkwyCarrollton, TX 75010

Texas QSR, 20-Year Lease, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple, single-tenant, absolute NNN lease for a Beef-A-Roo restaurant located at 1501 W Hebron Pkwy, Carrollton, TX 75010. The property, built in 2016 and renovated in 2023, boasts 3,093 square feet on a 1.04-acre lot. The lease commenced October 24, 2022, and has a remaining term of 18 years, expiring November 30, 2042, with four, five-year renewal options. The current annual rent includes a 2% annual increase, providing inflation protection. The property enjoys excellent visibility on W. Hebron Pkwy (25,000+ cars daily) and convenient access to the Sam Rayburn Tollway (12,000 cars daily). The asking price is $3,681,563, representing a cap rate of 8.00% and a price per square foot of $1,190.29. The property generates a Net Operating Income (NOI) of $294,525. The 10-mile population is 30,840, with an average household income of $78,162. This is a strong investment opportunity with a long-term lease and built-in rent growth. The lease is personally guaranteed.

Property Details for 1501 Hebron Pkwy

Property type
Retail properties, Restaurants
Square Feet
3,093 SF
Year Built/Renovated
2016/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
45,302 SF
Units
1

Location Insight

City
Carrollton
County
Denton
State
Texas
Latitude
33.0198784
Longitude
-96.9297375
1501 Hebron Pkwy, Carrollton, Texas

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1501 Hebron Pkwy
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