For Sale
$5,194,805

4860 Harry Hines Blvd Dallas, TX 75235

Dallas, TX QSR Net Lease, 14.6 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a thriving Chick-fil-A restaurant in Dallas, Texas. Located at 4860 Harry Hines Blvd, in the heart of the medical district, this Class A, 5,399 square foot property boasts a strong 100% occupancy rate under an absolute NNN lease with a substantial 14.6 years remaining until July 1st, 2039. The property features built-in rent bumps, ensuring consistent income growth. The current asking price is $5,194,805, representing a compelling 3.85% cap rate and a price per square foot of $962.18. The annual net operating income (NOI) is $200,000. This single-tenant, QSR investment benefits from a ground lease with 15 years remaining. The property's prime location within the medical district, surrounded by mixed-use developments, offices, apartments, and hospitals, ensures high visibility and a substantial daytime population exceeding half a million people within a 5-mile radius. Excellent demographics further enhance the investment's appeal, with average annual household incomes exceeding $130,400 within the same 5-mile radius. The property's proximity to other established businesses like 7-Eleven and Panera Bread adds to its strategic advantage, placing it just outside Uptown and Downtown Dallas. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a prime Dallas location.

Highlights

  • Thriving Chick-fil-A in Dallas' Medical District.
  • 5,399 SF Class A building on a 14.6-year NNN lease (expiring July 1, 2039).
  • $5,194,805 asking price, 3.85% cap rate, $962.18/SF.
  • High daytime population (500,000+) and average household income ($130,400+) within a 5-mile radius.

Property Details for 4860 Harry Hines Blvd

Property type
Retail properties
Square Feet
5,399 SF
Class
A

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.809255
Longitude
-96.833006

FAQs

What type of property is this?
Retail property - Dallas, TX QSR Net Lease, 14.6 Years Remaining
Where is the retail property located?
The property is located at 4860 Harry Hines Blvd Dallas, TX.
What is the asking price?
The asking price for this property is $5,194,805.
What are key features of this property?
This property features: Thriving Chick-fil-A in Dallas' Medical District.; 5,399 SF Class A building on a 14.6-year NNN lease (expiring July 1, 2039).; $5,194,805 asking price, 3.85% cap rate, $962.18/SF.
How can I contact the broker?
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4860 Harry Hines Blvd
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