Ruth’s Chris Steakhouse
For Sale
Contact for pricing
17840 Dallas Parkway, Dallas, TX 75287
Purpose-built dining facility occupied under a 100% absolute triple net lease.
Property SizeContact for details
Days on Market146
Property Features for 17840 Dallas Parkway
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Site & Location
Traffic Count
190,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1995
Tenancy
Single
Abandoned
No
Listing Agency:
Pegasus Investments
(310) 969-1135
Listed By:
David Chasin · License #CA 01513027
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 12:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pegasus Investments
Investment Insights
Based on property information with market context.
This single-tenant restaurant was developed in 1995 specifically for Ruth’s Chris Steak House and has operated under the same name for 20 years. The property is subject to a 100% absolute triple net lease, with the tenant recently exercising a 5-year renewal option and one additional 5-year option remaining. The restaurant has been maintained to standards associated with the brand’s fine-dining format.
The property fronts Dallas Parkway and the Dallas North Tollway in North Dallas, with reported tollway traffic of 190k cars/day. Its trade area includes Bent Tree North, Addison, and Plano, with a 5-mile population of approximately 390,000. The location also has significance within the tenant’s local operating history as its first Dallas proper restaurant and one of three in the Dallas-Fort Worth Metroplex.
The property fronts Dallas Parkway and the Dallas North Tollway in North Dallas, with reported tollway traffic of 190k cars/day. Its trade area includes Bent Tree North, Addison, and Plano, with a 5-mile population of approximately 390,000. The location also has significance within the tenant’s local operating history as its first Dallas proper restaurant and one of three in the Dallas-Fort Worth Metroplex.
Key Highlights
- 100% absolute triple net lease
- Ruth’s Chris Steak House location operating for 20 years
- Developed specifically for the restaurant in 1995
Property Analytics
Property Profile
Current Use
Lease Details
190,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,198
Businesses Nearby
249k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 28%
Groceries 14%
Electronics 2%
Tom Thumb
Groceries
25,556 visits/mo
0.5 miles
Chick-fil-A
Dining
24,999 visits/mo
0.4 miles
Pappadeaux Seafood Kitchen
Dining
23,862 visits/mo
0.5 miles
RaceTrac
Shops & Services
20,988 visits/mo
0.3 miles
Sunoco
Shops & Services
13,976 visits/mo
0.4 miles
Demographics for 75287, TX
53,181
Population
30,143
Households
1.8
Avg Household Size
34
Median Age
46%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
9,669
Density / Sq Mi
$62,538
Median Household Income
$44,465
Median Earnings
$1,391
Median Rent
$389,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Purpose-built dining facility occupied under a 100% absolute triple net lease.
Where is this conventional restaurant located?
The property is located at 17840 Dallas Parkway Dallas, TX.
What are key features of this property?
This property features: 100% absolute triple net lease; Ruth’s Chris Steak House location operating for 20 years; Developed specifically for the restaurant in 1995
