10300 Technology BlvdDallas, TX 75220

Property Details for 10300 Technology Blvd

Lot size

0.28 AC

Zone code

Z151

Property type

Commercial land

APN

0064990A000010300

APU

0064990A000010300

Description

This exceptional investment opportunity presents a fully leased, 5,905 square foot restaurant in Dallas, Texas. Located at 10300 W Technology Blvd, this single-tenant property sits on a 1.43-acre lot with 150 feet of frontage on Northwest Highway, boasting high visibility and accessibility between I-35 and Stemmons Freeway. The property features a recently remodeled restaurant space with an attractive outdoor patio and prominent pole signage. The current lease is an Absolute NNN, single-tenant agreement with a remaining term of 3.5 years, expiring May 31, 2028, and includes two, five-year renewal options with a 10% rent increase each. The property's strong financials include a 5.53% cap rate and a Net Operating Income (NOI) of $149,400, based on a $2,700,000 asking price and a price per square foot of $457.24. The property benefits from high traffic counts (38,700 vehicles per day on Northwest Highway) and proximity to national retailers such as McDonald's, Pappadeaux, and Shell. Built in 1995, this one-story building is zoned for commercial use and offers a compelling investment opportunity in a thriving Dallas commercial corridor. The lease commenced June 1, 2018, and the property is currently 100% occupied.

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.8633

Longitude

-96.8989

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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