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Restaurant

Twin Peaks

I-35W, Northlake, TX 76262

Listing Price: $6,000,000

Cap Rate
5.00%
Tenant Name
Twin Peaks
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
6,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.15

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Twin Peaks restaurant located at the intersection of I-35 W and State Highway 114 in Northlake, Texas. The property consists of approximately 6,500 square feet of building space and is situated on roughly 1.02 acres of land. This Twin Peaks will be a brand-new construction that is set to open for business in December of 2022. It will be subject to a 20-year sale-leaseback with rent set to commence upon the close of escrow. Base rent will be $300,000 each year with rental increases of 8.0% every five (5) years that will continue throughout the four (4), five (5)-year tenant renewal options.

Investment Highlights

  • Brand-New Construction -Expected to Open for Business in Winter of 2022
  • Brand-New, 20-Year Sale-Leaseback
  • Triple-Net (NNN) Lease with Zero Landlord Responsibilities

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Restaurant

Twin Peaks

Listing Price: $6,000,000

Cap Rate
5.00%
Tenant Name
Twin Peaks
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
6,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.15

Investment Highlights

  • Brand-New Construction -Expected to Open for Business in Winter of 2022
  • Brand-New, 20-Year Sale-Leaseback
  • Triple-Net (NNN) Lease with Zero Landlord Responsibilities

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Twin Peaks restaurant located at the intersection of I-35 W and State Highway 114 in Northlake, Texas. The property consists of approximately 6,500 square feet of building space and is situated on roughly 1.02 acres of land. This Twin Peaks will be a brand-new construction that is set to open for business in December of 2022. It will be subject to a 20-year sale-leaseback with rent set to commence upon the close of escrow. Base rent will be $300,000 each year with rental increases of 8.0% every five (5) years that will continue throughout the four (4), five (5)-year tenant renewal options.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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