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Restaurant

Salad And Go | 20 Year NNN Ground Lease

6900 N Blue Mound Rd, Fort Worth, TX 76131

Listing Price: $1,990,291

Cap Rate
5.15%
Tenant Name
Salad And Go
Years Remaining On Lease
18.9
Guarantor
Corporate Guarantee
Rentable SF
700
Lease Type
NNN Ground Lease
Rent Per Square Feet
$146.43

Investment Overview

After spending years in the fast food industry, the creators of Salad and Go set out on a mission--make drive-thru fast food better and healthier. Demographic and social trends are increasingly supporting healthier, better, fast food concepts at the expense of more traditional concepts. The chain currently has 88 locations in AZ, TX, NV and OK, with plans underway to have 135 open by the end of 2023. The subject property is located in the Blue Mound neighborhood of Fort Worth, which is a suburban area approximately 8 miles north of the city center. Like the rest of the Dallas Fort Worth region, this area is growing quickly and undergoing rapid development in both housing and retail.

Investment Highlights

  • New 20-year NNN Ground Lease, recently commenced April 1st 2022
  • Brand New 2022 construction with a high volume 19 car stack drive thru
  • Regular 10% rent increases every 5 years to hedge against inflation
  • Corporate Guaranteed by a fast growing Healthy Fast Casual concept, with plans to have over 135 locations opened by the end 2023
  • Texas is an income tax free state
  • Strategically located in an affluent and rapidly growing trade area of North Fort Worth, strong Infill location with high traffic counts and 250k+ residents living within 5 miles of the subject site
  • The subject site is adjacent to a high-volume Kroger grocery store and surrounded by national tenants, including Chase, Chipotle, Starbucks, EOS Fitness, AutoZone and more
  • With a population of almost 8 million, Dallas-Fort Worth was the sixth-fastest growing major metro over the past decade, a trend that is set to continue, with 680,000 new residents expected through 2027

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Restaurant

Salad And Go | 20 Year NNN Ground Lease

Listing Price: $1,990,291

Cap Rate
5.15%
Tenant Name
Salad And Go
Years Remaining On Lease
18.9
Guarantor
Corporate Guarantee
Rentable SF
700
Lease Type
NNN Ground Lease
Rent Per Square Feet
$146.43

Investment Highlights

  • New 20-year NNN Ground Lease, recently commenced April 1st 2022
  • Brand New 2022 construction with a high volume 19 car stack drive thru
  • Regular 10% rent increases every 5 years to hedge against inflation
  • Corporate Guaranteed by a fast growing Healthy Fast Casual concept, with plans to have over 135 locations opened by the end 2023
  • Texas is an income tax free state
  • Strategically located in an affluent and rapidly growing trade area of North Fort Worth, strong Infill location with high traffic counts and 250k+ residents living within 5 miles of the subject site
  • The subject site is adjacent to a high-volume Kroger grocery store and surrounded by national tenants, including Chase, Chipotle, Starbucks, EOS Fitness, AutoZone and more
  • With a population of almost 8 million, Dallas-Fort Worth was the sixth-fastest growing major metro over the past decade, a trend that is set to continue, with 680,000 new residents expected through 2027

Investment Overview

After spending years in the fast food industry, the creators of Salad and Go set out on a mission--make drive-thru fast food better and healthier. Demographic and social trends are increasingly supporting healthier, better, fast food concepts at the expense of more traditional concepts. The chain currently has 88 locations in AZ, TX, NV and OK, with plans underway to have 135 open by the end of 2023. The subject property is located in the Blue Mound neighborhood of Fort Worth, which is a suburban area approximately 8 miles north of the city center. Like the rest of the Dallas Fort Worth region, this area is growing quickly and undergoing rapid development in both housing and retail.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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