1700 Cottonwood Crk Highland Village, TX 75077

Property Details for 1700 Cottonwood Crk

Property size

1,652 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional quick-service restaurant franchise opportunity is located in Highland Village, Texas, at 1700 Cottonwood Creek, zip code 75077. The 1,652 square foot space is available for sale at $30,000, representing a significant discount compared to typical build-out costs ($162,500-$337,400). The restaurant operates under a triple-net (NNN) lease with a remaining term of 8.2 years (commencing February 1, 2023, and expiring February 1, 2033), including rent bumps. Monthly rent is $6,200, inclusive of CAMs. The franchise, ranked #1 in its category by Entrepreneur Magazine in 2024, boasts a menu featuring fresh ingredients like fish, salmon, shrimp, tofu, fruits, and vegetables, along with boba teas. Sales exceeded $430,000 with a semi-absentee owner, presenting a strong potential for increased revenue. The location benefits from a high-income demographic, with average household incomes exceeding $200,000 within a 3-mile radius. The franchise offers two weeks of training and requires limited cooking or frying, making it a manageable operation. Royalty fees are 6% of total sales, with a 1% marketing fee. The restaurant is situated in a shopping center providing ample shopping, dining, and entertainment options in an attractive outdoor setting. This turnkey operation presents a rare opportunity to acquire a thriving business at a significantly reduced price.

Location Insight

City

Highland Village

County

Denton

State

Texas

Longitude

-97.0849

Latitude

33.0746