1509 Corsicana Hwy Hillsboro, TX 76645-2721

Property Details for 1509 Corsicana Hwy

Year built

2012

Lot size

0.94 lot acres

Property size

41,882 SF

Property type

Commercial real estate

APN

143414

APU

143414

Description

This exceptional investment opportunity presents a fee-simple interest in a Dairy Queen property located at 1509 Corsicana Hwy, Hillsboro, TX 76645. The 4,482 square foot building, constructed in 2012, sits on a 0.94-acre lot and benefits from a prime location near I-35, a Walmart Supercenter, and a recently opened Buc-ee's. The property boasts a strong 8.25% cap rate, generating a net operating income (NOI) of $112,200. The absolute NNN lease, guaranteed by a 39-unit franchisee, features 10% rent bumps every five years and extends to April 30, 2031, with four five-year options. Hillsboro's strategic location between Dallas/Fort Worth and Austin, coupled with its proximity to I-35 (over 55,900 vehicles daily), ensures high visibility and consistent traffic. The property's drive-thru enhances its appeal and operational efficiency. The substantial lot size offers potential for future expansion or redevelopment. This investment provides long-term stability, attractive returns, and minimal landlord responsibilities, making it an ideal addition to any portfolio. The property enjoys 100% occupancy and benefits from the strong brand recognition of Dairy Queen, a globally recognized quick-service restaurant with over 7,500 locations. Hillsboro's population growth metrics within a 1, 3, and 5-mile radius are 3.52%, 8.46%, and 8.29% respectively, indicating a thriving market. Texas's status as a no-income-tax state further enhances the investment's appeal.