4917 Colleyville Blvd Colleyville, TX 76034-3938
- Drive through restaurants
- 2,160 SF
- 0.46 lot acres
Current Use by Public Records
- HTeaO - Colleyville / Tea Store
Property Details for 4917 Colleyville Blvd
- Year built
- 2023
- Lot size
- 0.46 lot acres
- Property size
- 2,160 SF
- Property type
- Drive through restaurants
- APN
- 20606-1-1
- APU
- 2060611
Description
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 1,776 square foot HTeaO fast-food restaurant located at 4917 Colleyville Blvd, Colleyville, TX 76034, within the Dallas-Fort Worth MSA. The property, built in 2023, sits on a 0.47-acre lot and includes 13 parking spaces. The single-tenant, absolute NNN lease with Double Tea II, LLC, boasts a remaining term of 15 years, with three 5-year renewal options. Rent increases by 10% every five years, ensuring consistent income growth. The property features a dual drive-thru, enhancing customer convenience and sales potential. This strategically located site benefits from high visibility on Colleyville Blvd, a major thoroughfare with 32,900 average daily vehicles, and proximity to a strong retail corridor including Walmart, Whole Foods, Sprouts, and Lowe's. The 5-mile trade area boasts over 263,000 residents and 121,000 daytime employees, with an average household income of $138,245. The asking price is $2,054,000, representing a 6.25% cap rate and a $128,400 net operating income (NOI). The property is zoned for general commercial use and has an APN of 20606-1-1. This is a management-free investment opportunity in a strong, growing market.
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
- Colleyville
- County
- Tarrant
- State
- Texas
- Longitude
- -97.1549
- Latitude
- 32.8812
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
