1501 Hebron Pkwy Carrollton, TX 75010
- Commercial real estate
- 3,093 SF
- 1.04 lot acres
Current Use by Public Records
- Pound Burger by Chef Todd / Restaurant
- 1st Gate Repair Carrollton TX / Fence Contractor
Property Details for 1501 Hebron Pkwy
- Year built
- 2016
- Lot size
- 1.04 lot acres
- Property size
- 3,093 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a fee-simple, single-tenant, absolute NNN lease for a Beef-A-Roo restaurant located at 1501 W Hebron Pkwy, Carrollton, TX 75010. The property, built in 2016 and renovated in 2023, boasts 3,093 square feet on a 1.04-acre lot. The lease commenced October 24, 2022, and has a remaining term of 18 years, expiring November 30, 2042, with four, five-year renewal options. The current annual rent includes a 2% annual increase, providing inflation protection. The property enjoys excellent visibility on W. Hebron Pkwy (25,000+ cars daily) and convenient access to the Sam Rayburn Tollway (12,000 cars daily). The asking price is $3,681,563, representing a cap rate of 8.00% and a price per square foot of $1,190.29. The property generates a Net Operating Income (NOI) of $294,525. The 10-mile population is 30,840, with an average household income of $78,162. This is a strong investment opportunity with a long-term lease and built-in rent growth. The lease is personally guaranteed.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carrollton
- County
- Denton
- State
- Texas
- Longitude
- -96.9297375
- Latitude
- 33.0198784
