10300 Technology W Blvd Dallas, TX 75220
- Commercial land
- 0.28 lot acres
Current Use by Public Records
- Commercial land
Property Details for 10300 Technology W Blvd
- Lot size
- 0.28 lot acres
- Zone code
- Z151
- Property type
- Commercial land
- APN
- 0064990A000010300
- APU
- 0064990A000010300
Description
This exceptional investment opportunity presents a fully leased, 5,905 square foot restaurant in Dallas, Texas. Located at 10300 W Technology Blvd, this single-tenant property sits on a 1.43-acre lot with 150 feet of frontage on Northwest Highway, boasting high visibility and accessibility between I-35 and Stemmons Freeway. The property features a recently remodeled restaurant space with an attractive outdoor patio and prominent pole signage. The current lease is an Absolute NNN, single-tenant agreement with a remaining term of 3.5 years, expiring May 31, 2028, and includes two, five-year renewal options with a 10% rent increase each. The property's strong financials include a 5.53% cap rate and a Net Operating Income (NOI) of $149,400, based on a $2,700,000 asking price and a price per square foot of $457.24. The property benefits from high traffic counts (38,700 vehicles per day on Northwest Highway) and proximity to national retailers such as McDonald's, Pappadeaux, and Shell. Built in 1995, this one-story building is zoned for commercial use and offers a compelling investment opportunity in a thriving Dallas commercial corridor. The lease commenced June 1, 2018, and the property is currently 100% occupied.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Dallas
- State
- Texas
- Longitude
- -96.8989
- Latitude
- 32.8633
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA