Current Use by Public Records
- Retail properties & Spaces
Property Details for 310 Tx-557 Spur
- Year built
- 2024
- Lot size
- 1.00 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 8,903 square foot Twin Peaks restaurant in Terrell, Texas, located within the Dallas/Fort Worth MSA. Situated as an outparcel to a thriving shopping center anchored by major retailers like Hobby Lobby, Academy Sports + Outdoors, Ross Dress for Less, Five Below, Petco, and Ulta Beauty, this property benefits from a prime location in a densely populated and rapidly growing retail corridor serving Kaufman and Van Zandt counties. The 20-year absolute net lease, backed by a corporate guarantee from a company with over 100 locations across the US and Mexico, provides exceptional security and predictable cash flow. The property boasts a 6.00% cap rate and a $300,000 annual net operating income (NOI), with an asking price of $5,000,000 ($561.61/sq ft). Built in 2024, this single-tenant property enjoys 100% occupancy and is projected to open in Summer 2024. The affluent suburban community surrounding the property boasts average household incomes exceeding $100,000 within a 10-mile radius, and a population exceeding 117,300 within the same area, with significant population growth projected over the next five years. This is a rare opportunity to acquire a high-performing, low-risk investment in a dynamic and expanding market within an income tax-free state. The one-acre lot provides ample space for the restaurant and future expansion. This sale-leaseback structure offers a secure, long-term investment with substantial upside potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Terrell
- County
- Kaufman
- State
- Texas
- Longitude
- -96.3267
- Latitude
- 32.7234
