Carrollton Restaurant Building For
For Sale
$2,900,000
4109 State Highway 121, Carrollton, TX 75010
6,562 SF second generation restaurant building in Carrollton, TX.
Property Size6,562 SF
Price / SF$441.94
Days on Market170
Property Features for 4109 State Highway 121
General Information
Standard status
Active
Size
6,562 SF
Property subtype
Retail
Building Details
Year Built
2012
Listing Agency:
Klasé Commercial Group
(817) 682-7501
Listed By:
Mimi Tran · License #TX #0626198
Source:
Kacommercialgroup
Added: Mar 5
Changed: Jul 6
Last Checked: Aug 22 at 4:31AM
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 Klasé Commercial Group
Investment Insights
Based on property information with market context.
Located in Carrollton, TX, this 6,562 SF second generation restaurant building, constructed in 2012, is suitable for restaurant users. The property is positioned in a business district with access to amenities and attractions, including Legacy West and Shops at Legacy, which offer retail, dining, and entertainment options. The location provides convenient access to corporate headquarters and Dallas/Fort Worth International Airport. The building features a contemporary design, high-end finishes, modern amenities, and well-maintained landscaping. Ample parking is available for employees and clients. The property also includes a drive-thru in the back of the building. Some FF&E is included. The property has high visibility on State Highway 121.
Key Highlights
- Turn‑key, 6,562 SF second‑generation restaurant building - ready for immediate owner‑user operation.
- Prime location in Carrollton, TX with high visibility on State Highway 121.
- Built in 2012 with contemporary design and high‑end finishes.
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
$113,009
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
3.90%
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%
$2,260,180
$2.3M
Cap Rate 7%
$1,614,414
$1.6M
Cap Rate 9%
$1,255,656
$1.3M
Market Conditions
NOI Build-Up for 6,562 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
$158.3K $24.12/SF
− Vacancy
−$7.6K −$1.16/SF
EGI
$150.7K $22.96/SF
− OpEx
−$37.7K −$5.74/SF
NOI
$113.0K $17.22/SF
Area
Carrollton, 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%
$2,260,180
Cap Rate 7%
$1,614,414
Cap Rate 9%
$1,255,656
Alternative Uses
Best Use
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $113,009 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Explore this area
Business Placement
Demographics for 75010, TX
33,186
Population
13,798
Households
2.4
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
6.8 sq mi
ZIP Area
4,880
Density / Sq Mi
$105,386
Median Household Income
$61,995
Median Earnings
$1,797
Median Rent
$434,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - 6,562 SF second generation restaurant building in Carrollton, TX.
Where is this drive through restaurant located?
The property is located at 4109 State Highway 121 Carrollton, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Turn‑key, 6,562 SF second‑generation restaurant building - ready for immediate owner‑user operation.; Prime location in Carrollton, TX with high visibility on State Highway 121.; Built in 2012 with contemporary design and high‑end finishes.
