5014 Ross Ave Dallas, TX 75206
- Drive through restaurants
- 2,100 SF
- 0.46 lot acres
Current Use by Public Records
- Bad Chicken / Chicken Wings Restaurant
Property Details for 5014 Ross Ave
- Year built
- 2001
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.46 lot acres
- Property size
- 2,100 SF
- Zone code
- Z59
- Property type
- Drive through restaurants
- APN
- 000704000504A0000
- APU
- 000704000504A0000
Description
This exceptional 2,491 square foot restaurant property, located at 5014 Ross Ave in Dallas, Texas (zip code 75206), presents a compelling investment opportunity. Built in 2024, this single-tenant retail space boasts a brand new 10-year Net Net Net (NNN) lease commencing February 1, 2024, and expiring January 31, 2034. The lease includes a favorable 2% annual rent increase. The property sits on a 0.44-acre lot and currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $153,000 and a 6.50% cap rate. The asking price is $2,355,000. This prime location in the Lower Greenville area of Dallas offers significant advantages, including high traffic counts exceeding 20,000 vehicles per day, two convenient points of entry/exit, and a densely populated submarket with a daytime population exceeding 600,000 people. The average household income within a 3-mile radius surpasses $106,000, nearly 1.5 times the national average. This represents a rare in-fill drive-thru opportunity with high barriers to entry, benefiting from explosive population growth (over 25% increase in the last five years) in this desirable East Dallas submarket.
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
- Dallas
- County
- Dallas
- State
- Texas
- Longitude
- -96.7743
- Latitude
- 32.8073
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
