4334 Lemmon Ave Dallas, TX 75219-2705

Exceptional opportunity to acquire a thriving 7,399 square foot Tex-Mex restaurant in Dallas, Texas. Located on Lemmon Avenue in the prestigious Oak Lawn neighborhood, this property boasts a 6.00% cap rate and is situated on a 0.36-acre lot. The building, renovated in 2020, includes a rare 6,615 square foot parking garage. The current tenant, a well-established Dallas staple operating since 1981, recently signed a 10-year double net lease (NN) with a significant rent escalation in year six and two 5-year renewal options. The lease extends through September 2030, ensuring long-term income stability. The property benefits from high visibility with an illuminated, two-sided pylon sign. The location offers exceptional demographics, with average household incomes exceeding $139,900, $152,800, and $142,500 within 1, 3, and 5-mile radii, respectively. The property is surrounded by numerous high-end retailers and is in close proximity to affluent neighborhoods such as Highland Park, Uptown, and University Park. The roof, replaced in 2022, carries a 30-year warranty. The asking price is $5,200,000. This is a rare opportunity to invest in a highly desirable, established business in a prime Dallas location. The property's strong tenant history, favorable lease terms, and exceptional location make it an attractive investment prospect. The total daytime population within a 5-mile radius exceeds 647,900 people.