Buffalo Wild Wings NNN
For Sale
$2,409,000
430 E Pleasant Run Rd, Cedar Hill, TX 75104
Corporate-operated restaurant with an absolute net lease and a renewed five-year term.
Property Size5,418 SF
Price / SF$444.63
Days on Market109
Property Features for 430 E Pleasant Run Rd
General Information
Standard status
Active
Size
5,418 SF
Property subtype
Restaurant
Lease Type
Absolute Net
Amenities
Absolute Net Lease With Six Years Remaining | Tenant Exercised Option Extending Term
Near the Signalized Corner of East Pleasant Run Road and US-67 (80,224 VPD)
Outparcel to Super Target-Anchored Power Center | 1.5 Miles to Hillside Village
16 Miles South of Downtown Dallas Along US-67 Commuter Corridor
149,780 Residents | 119,080 Daytime Population Within 5 Miles
Cedar Hill Supports 3M+ SF of Retail and Office Space | 4M+ SF Industrial Base
Buffalo Wild Wings: 1,300+ Locations Backed by Inspire Brands
DFW Metro Growth & Stability | #1 U.S. Metro for Population Growth
Building Details
Building Size
5,418 SF
Listing Agency:
Marcus & Millichap - Dallas
(972) 755-5205
Listed By:
Vincent Knipp · License #License(s): TX: 0579633
(972) 755-5205
Source:
Marcusmillichap
Added: May 14
Changed: Aug 29
Last Checked: Aug 29 at 7:58PM
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.
This 5,418-square-foot Buffalo Wild Wings restaurant is operated as a corporate store under an absolute net lease. The tenant has exercised a five-year renewal option, extending the lease term. Under the lease structure, the tenant is responsible for operating costs, including roof and structural obligations.
The property occupies an outparcel position within a Super Target-anchored power center in Cedar Hill, Texas. It is situated near the signalized intersection of East Pleasant Run Road and US-67, where the combined traffic volume is 80,224 VPD. The site is approximately 16 miles south of Downtown Dallas along the US-67 commuter corridor and is surrounded by a retail corridor with numerous national tenants.
The property occupies an outparcel position within a Super Target-anchored power center in Cedar Hill, Texas. It is situated near the signalized intersection of East Pleasant Run Road and US-67, where the combined traffic volume is 80,224 VPD. The site is approximately 16 miles south of Downtown Dallas along the US-67 commuter corridor and is surrounded by a retail corridor with numerous national tenants.
Key Highlights
- 5,418‑square‑foot Buffalo Wild Wings corporate store
- Absolute net lease structure assigns operating expenses, roof, and structure to the tenant
- Tenant exercised a five‑year renewal option
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
$96,861
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
4.02%
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%
$1,937,220
$1.9M
Cap Rate 7%
$1,383,729
$1.4M
Cap Rate 9%
$1,076,233
$1.1M
Market Conditions
NOI Build-Up for 5,418 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
$135.2K $24.96/SF
− Vacancy
−$6.1K −$1.12/SF
EGI
$129.1K $23.84/SF
− OpEx
−$32.3K −$5.96/SF
NOI
$96.9K $17.88/SF
Area
Dallas County, TX
Vacancy
4.50%
Lease Rate
$24.96 /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%
$1,937,220
Cap Rate 7%
$1,383,729
Cap Rate 9%
$1,076,233
Alternative Uses
Best Use
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,861 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$64.94M
$56.83M – $75.77M
NOI $4,546,057 @ 7.0% cap · market cap 188.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
522k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 26%
Shops & Services 23%
Dining 20%
Apparel 18%
Target
Superstores
135,294 visits/mo
0.2 miles
Five Below
Shops & Services
44,035 visits/mo
0.3 miles
H&M
Apparel
35,245 visits/mo
0.5 miles
Michaels
Shops & Services
32,704 visits/mo
0.2 miles
Panera Bread
Dining
29,241 visits/mo
0.1 miles
Demographics for 75104, TX
49,749
Population
17,365
Households
2.9
Avg Household Size
37
Median Age
31%
College-Educated
91%
High-School Grad
36.9 sq mi
ZIP Area
1,348
Density / Sq Mi
$91,147
Median Household Income
$46,579
Median Earnings
$1,886
Median Rent
$274,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Bamboo Palace Restaurant — 949 N Hwy 67 #389, Cedar Hill, TX 75104
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Corporate-operated restaurant with an absolute net lease and a renewed five-year term.
Where is this conventional restaurant located?
The property is located at 430 E Pleasant Run Rd Cedar Hill, TX.
What is the asking price?
The asking price for this property is $2,409,000.
What are key features of this property?
This property features: 5,418‑square‑foot Buffalo Wild Wings corporate store; Absolute net lease structure assigns operating expenses, roof, and structure to the tenant; Tenant exercised a five‑year renewal option
