Current Use by Public Records
- Retail properties & Spaces
Property Details for 7700 Texas 78
- Year built
- 2019
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 3,005-square-foot Hat Creek Burger restaurant located at 7700 Texas 78 in Sachse, Texas, 75048. The property boasts a highly desirable absolute triple-net (NNN) lease with zero landlord responsibilities, offering a secure and passive income stream. The current lease, initiated on August 12, 2019, has a remaining term of approximately 14.7 years, extending to August 31, 2039, with four 5-year renewal options. Rent increases are built in, with a 10% bump every five years, ensuring consistent growth in rental income. The property's strong financial performance is reflected in a 6.25% cap rate and a net operating income (NOI) of $276,156. The asking price is $4,418,503, translating to a price per square foot of $1,470.38. Built in 2019, this strategically located outparcel benefits from high visibility at the intersection of TX State Highway 78 and Woodbridge Parkway, experiencing an average daily traffic count exceeding 40,000 vehicles. Its proximity to a Walmart Supercenter and LA Fitness further enhances its appeal. The property's essential use nature, coupled with a drive-thru and multiple access points, contributes to its robust performance. The surrounding area demonstrates impressive demographics, with a population exceeding 218,000 residents and an average household income of $125,342 within a 5-mile radius, situated in one of the nation's fastest-growing counties. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term growth potential. 100% occupancy is currently maintained.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sachse
- County
- Dallas
- State
- Texas
- Longitude
- -96.5725
- Latitude
- 32.9904
