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Freestanding Restaurant with Absolute NNN

4350 BELT LINE RD Addison, TX 75001

4350 BELT LINE RD, Addison, TX, 75001
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For Sale
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Freestanding restaurant on an oversized site with an absolute NNN sale-leaseback structure and a five-year initial lease term.

Property Size9,496 SF
Price / SF$477.04
Days on Market20

Property Features for 4350 BELT LINE RD

General Information

Standard status
Active
Size
9,496 SF
Property subtype
Retail

Building Details

Year Built
1992
Listing agency Eureka Business Group
Listed by Joseph Gozlan, The Retail Navigator · License #TX 0593483
Source Crexi
Added: Jul 2 Updated: Jul 20 at 9:16PM Checked: Jul 21 at 5:27AM

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 Eureka Business Group


Investment Insights

Based on property information with market context.

Eureka Business Group presents the opportunity to acquire a 9,496-square-foot freestanding restaurant on a 2.085-acre site at 4350 Belt Line Road. The property is offered through a single-tenant sale-leaseback arrangement with an absolute NNN lease structure. Under the proposed lease, the tenant is responsible for real estate taxes, insurance, utilities, maintenance, HVAC, roof, and structural repairs, and the owner is intended to have no day-to-day property management responsibilities.

The restaurant has been occupied since 2018. The lease provides a five-year initial term with two additional five-year renewal options, supported by dual guaranty support from both the operating entity and the individual owner, and includes 2.5% annual rent escalations. The property is situated along Belt Line Road, which carries approximately 35,000 vehicles per day, within Addison’s Restaurant Row, with convenient access to the Dallas North Tollway.

The 2.085-acre parcel is oversized relative to the building, and the rear portion may allow for future development of an approximately 5,000- to 7,000-square-foot pad site, subject to parking requirements, site-plan approval, and all applicable approvals from the Town of Addison. As part of the sale-leaseback, the excess land may be excluded from the leased premises, allowing future development while continuing to collect income from the existing building. Buyers should independently verify all development and pad-site feasibility. Tenant financial statements, the executed lease, and additional property photography are available to qualified buyers upon execution of a confidentiality agreement.

Key Highlights

  • 9,496 SF freestanding restaurant built in 1992 on a 2.085‑acre site
  • Single‑tenant sale‑leaseback with an absolute NNN lease: tenant pays taxes, insurance, utilities, maintenance, HVAC, roof and structural repairs
  • Proposed lease terms include a 5‑year initial term plus two 5‑year renewal options, with dual guaranty support

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $237.0k $24.96
− Vacancy −$10.7k −$1.12
EGI $226.4k $23.84
− OpEx −$56.6k −$5.96
NOI $169.8k $17.88
9,496 SF · lease $24.96/SF/yr · vacancy 4.50% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$2.43M
$2.12M – $2.83M (±1% cap)
NOI $169,766 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$113.83M
$99.60M – $132.80M (±1% cap)
NOI $7,967,766 @ 7.0% cap · market cap 175.89%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Osaka Sushi & Grill ... Restaurant

Suggested Use

Veterinary Clinic Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Fish Market Auto Parts Store Electrical Service Tanning Salon (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
NNN property - Freestanding restaurant on an oversized site with an absolute NNN sale-leaseback structure and a five-year initial lease term.
Where is this nnn property located?
The property is located at 4350 BELT LINE RD Addison, TX.
What is the asking price?
The asking price for this property is $4,530,000.
What are key features of this property?
This property features: 9,496 SF freestanding restaurant built in 1992 on a 2.085‑acre site; Single‑tenant sale‑leaseback with an absolute NNN lease: tenant pays taxes, insurance, utilities, maintenance, HVAC, roof and structural repairs; Proposed lease terms include a 5‑year initial term plus two 5‑year renewal options, with dual guaranty support
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