2015 Belt Line Rd Carrollton, TX 75006-5701
- Banks
- 2,835 SF
- 0.56 lot acres
Current Use by Public Records
- 24x7 Water damage restoration Carrollton / General Contractor / Water Damage Restoration Service
Property Details for 2015 Belt Line Rd
- Year built
- 1975
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.56 lot acres
- Property size
- 2,835 SF
- Zone code
- Z123
- Property type
- Banks
- APN
- 14041010000000000
- APU
- 14041010000000000
Description
This exceptional investment opportunity presents a 2,835 square foot Popeyes restaurant located at 2015 E Belt Line Rd, Carrollton, TX 75006, in a high-traffic area with daily traffic counts exceeding 32,000 vehicles. The property boasts a 20-year absolute net lease with a strong franchisee tenant, providing significant financial stability. The lease features 10% rent bumps every five years, ensuring consistent income growth. A complete renovation was completed in 2024, encompassing both the exterior and interior, including the roof. This Class A property sits on a 0.56-acre lot and benefits from its prime location along a major retail corridor near Interstate-35E (179,000+ vehicles per day). The surrounding area is densely populated, with an average household income exceeding $103,000 and over 352,000 people residing within a 5-mile radius. The property's proximity to numerous established business parks, medical and regional office spaces, distribution centers, industrial and manufacturing plants, and educational institutions like RL Turner High School and the University of Texas at Dallas, ensures a large and consistent customer base. Furthermore, its location near major national retailers like The Home Depot, Target, and Kroger adds to its appeal. The property's Net Operating Income (NOI) is $155,000, resulting in a 5.25% cap rate. The lease expires on September 30, 2044, offering a remaining term of approximately 19.9 years. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term growth potential. The building was originally constructed in 1975.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $350,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $233,000
Market price range: $233k - $405k -
Alternative Use
- Use
- Estimation
- FINANCIAL BUILDING
- $305,000 Current use
- OFFICE BUILDING
- $425,000 Change: +39% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $365,000 Change: +20% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $335,000 Change: +9% Conversion: Difficult
- RETAIL STORES
- $325,000 Change: +6% Conversion: Difficult
- MEDICAL BUILDING
- $255,000 Change: -17% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Carrollton
- County
- Dallas
- State
- Texas
- Longitude
- -96.8844
- Latitude
- 32.9541
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
