Property summary
Exceptional investment opportunity: a 9,000 square foot Lazy Dog Restaurant in Richmond, Texas. This property boasts a 20-year absolute NNN ground lease with built-in 10% rent increases every five years, eliminating landlord responsibilities for maintenance and expenses. The lease is guaranteed by the corporate entity, adding significant security. Lazy Dog, a nationally recognized restaurant chain, achieved $397 million in revenue in 2023, ranking among the top 122 restaurant chains in the… nation. This specific location benefits from exceptionally high average unit volume exceeding $8.7 million. The 2.52-acre lot includes 140 parking spaces, situated within the thriving Waterview Town Center, a mixed-use development exceeding 1 million square feet. The property's prime location is adjacent to two new luxury apartment complexes totaling 560 units and enjoys high visibility, fronting Interstate 99 (46,911 vehicles per day). The building, constructed in 2024, offers a single-tenant occupancy and features four, five-year lease options. The strong financial performance of Lazy Dog, coupled with the favorable lease terms and strategic location, makes this a compelling investment with a 6.00% cap rate and a net operating income (NOI) of $480,000. The asking price is $8,000,000. Lazy Dog has over 50 operating locations and more than 10 under construction, demonstrating the company's robust growth and stability. The company has a history of over 20 years in operation.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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