1509 Corsicana Hwy Hillsboro, TX 76645-2721
Property profile & analytics
1509 Corsicana Hwy Hillsboro, TX 76645-2721
- Commercial real estate
- 41,882 SF
- 0.94 lot acres
Property ID
US82-6114674
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
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.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Hillsboro
- County
- Hill
- State
- Texas
- Longitude
- -97.0916
- Latitude
- 32.0095
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$8,617
$482,650
$1,345,720
$1,828,370
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$482,650
$1,345,720
$1,828,370
