4860 Harry Hines Blvd Dallas, TX 75235-7717

Property Details for 4860 Harry Hines Blvd

Lot size

1.36 lot acres

Property type

Commercial land

APN

005745000001C0000

APU

005745000001C0000

Description

This exceptional investment opportunity presents a thriving Chick-fil-A restaurant in Dallas, Texas. Located at 4860 Harry Hines Blvd, in the heart of the medical district, this Class A, 5,399 square foot property boasts a strong 100% occupancy rate under an absolute NNN lease with a substantial 14.6 years remaining until July 1st, 2039. The property features built-in rent bumps, ensuring consistent income growth. The current asking price is $5,194,805, representing a compelling 3.85% cap rate and a price per square foot of $962.18. The annual net operating income (NOI) is $200,000. This single-tenant, QSR investment benefits from a ground lease with 15 years remaining. The property's prime location within the medical district, surrounded by mixed-use developments, offices, apartments, and hospitals, ensures high visibility and a substantial daytime population exceeding half a million people within a 5-mile radius. Excellent demographics further enhance the investment's appeal, with average annual household incomes exceeding $130,400 within the same 5-mile radius. The property's proximity to other established businesses like 7-Eleven and Panera Bread adds to its strategic advantage, placing it just outside Uptown and Downtown Dallas. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a prime Dallas location.