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Restaurant

Mexican Sugar

3215 Regent Blvd, Irving, TX 75063

Listing Price: $6,750,000

Cap Rate
5.00%
Tenant Name
Mexican Sugar Holdings, LLC
Years Remaining On Lease
18.0
Guarantor
Corporate Guarantee
Rentable SF
8,671
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.92

Investment Overview

Marcus & Millichap is pleased to present the subject Mexican Sugar; a trophy restaurant property in the economic powerhouse of Central Texas within Dallas County, and more particularly located at 3215 Regent Boulevard in Irving, Texas. Built in 2020, the subject investment consists of a+/- 2.05-acre parcel situated at the confluence of Interstate Highway 635 and W John Carpenter Freeway and approximately five miles east of Dallas Fort Worth International Airport. The subject property is located on the south side of Interstate Highway 635 just off N Belt Line Road and W John Carpenter Freeway. To the west: Whiskey Cake Kitchen & Bar, Taco Bell and Slim Chicken; To the south: The Dump Furniture Outlet and The Home Depot; To the east: Walk Ons and PINSTACK Las Colinas; To the south: thriving industrial park. Irving is a city in the Texas, in the las Colinas, an ideal master-planned urban center, within the Dallas-Fort Worth metropolitan statistical area. The investment opportunity is subject to a 20-year, triple net (NNN) with Mexican Sugar Holdings, LLC (“Tenant”). The lease recently commenced in 8/1/2020 and will be subject to three (3), five (5)-year tenant renewal options, bringing the total possible lease term to 35 years. The initial rent will be $337,500 and will increase by ten percent (10.0%) every five (5) years. The lease will be corporately guaranteed by Whiskey Cake Holdings, LLC; the parent company behind Whiskey Cake (9), Sixty Vines (5), Ida Claire (3) and Mexican Sugar (2); four of the operators multiple thriving brands that identify as polished casual concepts.

Investment Highlights

  • 18 Years Remaining
  • Corporate Guarantee –19 Units –Outstanding Sales Figures on Each
  • Absolute 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

Mexican Sugar

Listing Price: $6,750,000

Cap Rate
5.00%
Tenant Name
Mexican Sugar Holdings, LLC
Years Remaining On Lease
18.0
Guarantor
Corporate Guarantee
Rentable SF
8,671
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.92

Investment Highlights

  • 18 Years Remaining
  • Corporate Guarantee –19 Units –Outstanding Sales Figures on Each
  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities

Investment Overview

Marcus & Millichap is pleased to present the subject Mexican Sugar; a trophy restaurant property in the economic powerhouse of Central Texas within Dallas County, and more particularly located at 3215 Regent Boulevard in Irving, Texas. Built in 2020, the subject investment consists of a+/- 2.05-acre parcel situated at the confluence of Interstate Highway 635 and W John Carpenter Freeway and approximately five miles east of Dallas Fort Worth International Airport. The subject property is located on the south side of Interstate Highway 635 just off N Belt Line Road and W John Carpenter Freeway. To the west: Whiskey Cake Kitchen & Bar, Taco Bell and Slim Chicken; To the south: The Dump Furniture Outlet and The Home Depot; To the east: Walk Ons and PINSTACK Las Colinas; To the south: thriving industrial park. Irving is a city in the Texas, in the las Colinas, an ideal master-planned urban center, within the Dallas-Fort Worth metropolitan statistical area. The investment opportunity is subject to a 20-year, triple net (NNN) with Mexican Sugar Holdings, LLC (“Tenant”). The lease recently commenced in 8/1/2020 and will be subject to three (3), five (5)-year tenant renewal options, bringing the total possible lease term to 35 years. The initial rent will be $337,500 and will increase by ten percent (10.0%) every five (5) years. The lease will be corporately guaranteed by Whiskey Cake Holdings, LLC; the parent company behind Whiskey Cake (9), Sixty Vines (5), Ida Claire (3) and Mexican Sugar (2); four of the operators multiple thriving brands that identify as polished casual concepts.

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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