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Property summary
This exceptional investment opportunity presents the chance to acquire a fee-simple interest (land and building) in a newly renovated First Watch restaurant located at 5353 Belt Line Rd, Addison, TX 75001. The property, totaling 5,672 square feet, sits on a 1.1-acre lot with 91 parking spaces. Built in 2007 and renovated in 2024, this single-tenant property boasts a 100% occupancy rate with a strong corporate guarantee from First Watch Restaurants, Inc. The current lease is a Net Net (NN)… lease with a 5.00% cap rate and a substantial Net Operating Income (NOI) of $311,109. The lease, commencing December 2024, is a 12-year term with two 5-year renewal options, featuring 10% rental increases every six years. This strategically located restaurant benefits from high visibility on a signalized corner of Belt Line Road and Prestonwood Boulevard, a major retail thoroughfare averaging 44,200 vehicles daily, and proximity to the North Dallas Tollway (161,500 VPD). The property is adjacent to Village on the Parkway, a high-traffic shopping center, and surrounded by numerous national retailers, including Whole Foods Market, Walmart, and others. The 5-mile trade area boasts a strong demographic profile with over 380,000 residents and 306,000 daytime employees, and an average household income exceeding $119,797. The property is zoned PD - Planned Development and has an APN of 008222000B02B0000. This is a truly exceptional, low-management investment opportunity in a prime location with significant upside potential. The asking price is $6,222,000.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Oct 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
18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 5,672 SF
- Lot area
- 1.1 ac
- Year built
- 2007
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/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.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: 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.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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