Skip to main content

Restaurant

Popeyes w/ Drive Thru | Dallas-Fort Worth MSA | 20 Year Absolute Net Ground Sale Leaseback

1529 W Hebron Pkwy, Carrollton (DFW MSA), TX 75010

Listing Price: $3,200,000

Cap Rate
3.75%
Tenant Name
Popeyes Chicken
Years Remaining On Lease
20.2
Gross SF
2,300
Guarantor
Franchisee Guarantee
Rentable SF
2,300
Price/Gross SF
$1,391.30
Lease Type
NNN Ground Lease
Rent Per Square Feet
$52.17

Investment Overview

Located in the heart of the Dallas-Fort Worth area, the City of Carrollton is a vibrant corporate and residential community. The City’s location and business cost advantages attract and support a diverse local economy with over 9,000 businesses calling Carrollton home. Residents are drawn to the City for its high quality of life, abundant parks, schools and safe neighborhoods. The Dallas–Fort Worth metroplex, officially designated Dallas–Fort Worth–Arlington by the U.S. Office of Management and Budget, is a conurbated metropolitan statistical area in the U.S. state of Texas encompassing 11 counties. It is the economic and cultural hub of North Texas. Residents of the area also refer to it as DFW (airport code), or the Metroplex. The Dallas–Fort Worth–Arlington metropolitan statistical area’s population was 7,573,136 according to the U.S. Census Bureau’s 2019 population estimates, making it the most populous metropolitan area in both Texas and the Southern United States, the fourth-largest in the U.S., and the tenth-largest in the Americas. In 2016, the Dallas–Fort Worth metroplex ascended to the number one spot in the U.S. in year-over-year population growth.

Investment Highlights

  • 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 32k Vehicles. Immediate Access to/from TX-121 (41k+ VPD).
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $125k within a 1-Mile Radius and over 279k People Residing within a 5-Mile Radius.
  • Surrounded by Numerous National Retailers Including CVS Pharmacy, Walmart Neighborhood Market, Kohl's, Kroger and many more.
  • Near Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • In Close Proximity to Castle Hills - which has over 4,500 Single Family Homes and 4,000 Multi-Family Homes Planned Upon Full Build-out.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Restaurant

Popeyes w/ Drive Thru | Dallas-Fort Worth MSA | 20 Year Absolute Net Ground Sale Leaseback

Listing Price: $3,200,000

Cap Rate
3.75%
Tenant Name
Popeyes Chicken
Years Remaining On Lease
20.2
Gross SF
2,300
Guarantor
Franchisee Guarantee
Rentable SF
2,300
Price/Gross SF
$1,391.30
Lease Type
NNN Ground Lease
Rent Per Square Feet
$52.17

Investment Highlights

  • 20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 32k Vehicles. Immediate Access to/from TX-121 (41k+ VPD).
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $125k within a 1-Mile Radius and over 279k People Residing within a 5-Mile Radius.
  • Surrounded by Numerous National Retailers Including CVS Pharmacy, Walmart Neighborhood Market, Kohl's, Kroger and many more.
  • Near Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • In Close Proximity to Castle Hills - which has over 4,500 Single Family Homes and 4,000 Multi-Family Homes Planned Upon Full Build-out.

Investment Overview

Located in the heart of the Dallas-Fort Worth area, the City of Carrollton is a vibrant corporate and residential community. The City’s location and business cost advantages attract and support a diverse local economy with over 9,000 businesses calling Carrollton home. Residents are drawn to the City for its high quality of life, abundant parks, schools and safe neighborhoods. The Dallas–Fort Worth metroplex, officially designated Dallas–Fort Worth–Arlington by the U.S. Office of Management and Budget, is a conurbated metropolitan statistical area in the U.S. state of Texas encompassing 11 counties. It is the economic and cultural hub of North Texas. Residents of the area also refer to it as DFW (airport code), or the Metroplex. The Dallas–Fort Worth–Arlington metropolitan statistical area’s population was 7,573,136 according to the U.S. Census Bureau’s 2019 population estimates, making it the most populous metropolitan area in both Texas and the Southern United States, the fourth-largest in the U.S., and the tenth-largest in the Americas. In 2016, the Dallas–Fort Worth metroplex ascended to the number one spot in the U.S. in year-over-year population growth.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

MM Texture Background
MM Textured Background Lower