5014 Ross AveDallas, TX 75206

Property Details for 5014 Ross Ave

Year built

2001

Construction

TILT-UP CONCRETE

Lot size

0.46 AC

Property size (Sq ft)

2,100 SF

Zone code

Z59

Property type

Drive through restaurants

APN

000704000504A0000

APU

000704000504A0000

Description

This exceptional 2,491 square foot restaurant property, located at 5014 Ross Ave in Dallas, Texas (zip code 75206), presents a compelling investment opportunity. Built in 2024, this single-tenant retail space boasts a brand new 10-year Net Net Net (NNN) lease commencing February 1, 2024, and expiring January 31, 2034. The lease includes a favorable 2% annual rent increase. The property sits on a 0.44-acre lot and currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $153,000 and a 6.50% cap rate. The asking price is $2,355,000. This prime location in the Lower Greenville area of Dallas offers significant advantages, including high traffic counts exceeding 20,000 vehicles per day, two convenient points of entry/exit, and a densely populated submarket with a daytime population exceeding 600,000 people. The average household income within a 3-mile radius surpasses $106,000, nearly 1.5 times the national average. This represents a rare in-fill drive-thru opportunity with high barriers to entry, benefiting from explosive population growth (over 25% increase in the last five years) in this desirable East Dallas submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $468,786

  6.5%

  $432,726

  7%

  $401,817

• Comparable approach

  Method

  Valuation

  Relative Method

  $293,003

  Geo Method

  $575,652

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $857,295

  Mixed-Use / Specialty

  $425,753

  Hospitality / Lodging

  $305,292

  Office

  $417,568

  Institutional / Educational

  $440,671

  Residential Income

  $515,585

  Multifamily

  $648,468

  Automotive / Energy

  $377,718

  Parking / Income-Based Land

  $135,711

  Restaurant / Food Service

  $209,849

  Healthcare / Senior Housing

  $442,170

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.8073

Longitude

-96.7743

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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