Net-Leased Restaurant
For Sale
$2,500,000
2613 S Stemmons Fwy, Lewisville, TX 75067
Single-tenant Buffalo Wild Wings outparcel with a corporate lease guarantee along South Stemmons Freeway.
Property Size5,981 SF
Lot Size1.18 Acres
Price / SF$417.99
Days on Market46
Property Features for 2613 S Stemmons Fwy
General Information
Standard status
Active
Size
5,981 SF
Lot size
1.18 Acres
Property subtype
Restaurant
Lease Type
Absolute Net
Site & Location
Traffic Count
180,895 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
6%
Amenities
Corporate Absolute Net Lease Expiring 07/31/2027
Current NOI of $150,000 (6% Cap Rate) with Next Renewal Option at NOI of $206,488 (8.26% Cap Rate)
5,981-SF Building Renovated in 2023 on 1.18-Acre Lot
Population: Three-Mile 100,000 and Five-Mile 270,548
Average Household Income of $133,395 within Five-Mile Radius
Frontage from I-35 with over 180,895 VPD, and Approximately 172,579 VPD from Sam Rayburn Tollway
Current Below-Market Rent of $25 Per SF
Building Details
Building Size
5,981 SF
Year Built
2002
Tenancy
Single
Listing Agency:
Marcus & Millichap | Dallas
Listed By:
John Paine · License #License(s): TX: 764689
(972) 755-5279
Source:
Marcusmillichap
Added: Jul 25
Changed: Aug 8
Last Checked: Sep 7 at 4:40AM
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 Marcus & Millichap | Dallas
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present a Buffalo Wild Wings outparcel in Lewisville, Texas. The property is a single-tenant, net-leased restaurant asset on a 1.18-acre parcel, totaling approximately 5,981 square feet of gross leasable area. Originally constructed in 2002, the asset is leased under a corporate guarantee and is structured with zero landlord responsibilities.
The restaurant is positioned for visibility and access along South Stemmons Freeway and benefits from being an outparcel to Costco. Regional connectivity is supported by nearby major thoroughfares, including I-35 and Sam Rayburn.
The lease has approximately one year remaining and includes 1% annual rent increases, along with renewal options.
The restaurant is positioned for visibility and access along South Stemmons Freeway and benefits from being an outparcel to Costco. Regional connectivity is supported by nearby major thoroughfares, including I-35 and Sam Rayburn.
The lease has approximately one year remaining and includes 1% annual rent increases, along with renewal options.
Key Highlights
- Single‑tenant Buffalo Wild Wings net‑leased restaurant outparcel in Lewisville, TX
- 5,981 SF gross leasable area on a 1.18‑acre parcel; originally constructed in 2002
- Corporate lease guarantee; net‑leased structure with zero landlord responsibilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$103,003
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,060,060
$2.1M
Cap Rate 7%
$1,471,471
$1.5M
Cap Rate 9%
$1,144,478
$1.1M
Market Conditions
NOI Build-Up for 5,981 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$144.3K $24.12/SF
− Vacancy
−$6.9K −$1.16/SF
EGI
$137.3K $22.96/SF
− OpEx
−$34.3K −$5.74/SF
NOI
$103.0K $17.22/SF
Area
Lewisville, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,060,060
Cap Rate 7%
$1,471,471
Cap Rate 9%
$1,144,478
Alternative Uses
Best Use
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $103,003 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.33M
NOI $139,582 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
180,895 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
242k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 60%
Shops & Services 17%
Home Improvements & Furnishings 11%
Hotels & Casinos 7%
Costco Wholesale
Superstores
144,667 visits/mo
0.2 miles
Costco Gasoline
Shops & Services
42,098 visits/mo
0.2 miles
At Home
Home Improvements & Furnishings
20,886 visits/mo
0.3 miles
Saltgrass Steak House
Dining
12,152 visits/mo
0.5 miles
Hilton Garden Inn
Hotels & Casinos
6,436 visits/mo
0.5 miles
Demographics for 75067, TX
68,734
Population
28,990
Households
2.4
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
13.5 sq mi
ZIP Area
5,091
Density / Sq Mi
$76,630
Median Household Income
$45,448
Median Earnings
$1,506
Median Rent
$321,100
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 - Single-tenant Buffalo Wild Wings outparcel with a corporate lease guarantee along South Stemmons Freeway.
Where is this conventional restaurant located?
The property is located at 2613 S Stemmons Fwy Lewisville, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Single‑tenant Buffalo Wild Wings net‑leased restaurant outparcel in Lewisville, TX; 5,981 SF gross leasable area on a 1.18‑acre parcel; originally constructed in 2002; Corporate lease guarantee; net‑leased structure with zero landlord responsibilities
