Investment Overview

Marcus & Millichap is pleased to present Chuy’s Tex-Mex (Lowest Greenville) located at 1516-1580 Greenville Avenue and 5505-5561 Lindell Avenue, Dallas, Texas. The subject property provides an investor the rare opportunity to acquire a newly renovated property with a new 10-year, triple-net lease with a BBB credit tenant, located in one of Dallas’ most sought-after urban submarkets of Lowest Greenville. This high-profile location offers strong foot traffic, excellent visibility, and seamless connectivity to key retail and dining destinations. With a vibrant tenant mix and growing consumer demand, the property is well-positioned for long-term appreciation and investment stability. The subject property represents an ideal covered land play for future vertical development, strategically positioned on 1.44 acres and surrounded by new Class A multifamily and single-family residential projects. With existing income in place and favorable zoning (PD592 & PD840), the site offers investors the ability to generate cash flow while holding for long-term redevelopment. Covered land plays like this are increasingly rare in highgrowth urban corridors, providing a unique opportunity to control a sizable footprint near the core of Downtown Fort Worth. Its location and zoning make it well-suited for a long-term generational hold, offering investors a rare opportunity to capitalize on the area’s ongoing growth and transformation. Located in a thriving retail and dining corridor, the site benefits from strong consumer traffic and continued commercial growth. Its strategic positioning enhances both its immediate value and long-term redevelopment potential. Chuy’s Tex-Mex was recently acquired by Darden Restaurants, Inc. in October 2024 for $605 million, joining Darden’s portfolio of differentiated brands, which also includes Olive Garden, LongHorn Steakhouse, Yard House, Ruth’s Chris Steak House, Cheddar’s Scratch Kitchen, The Capital Grille, and more. The Lowest Greenville submarket of Dallas is a bustling, walkable neighborhood, mixed with national and strong regional credit retail tenants. It is also within close proximity to the immensely popular North Henderson submarket and serves as a main artery connecting major thoroughfares such as Ross Avenue and Mockingbird Lane. Its lively atmosphere, combined with ongoing commercial growth, makes it one of the most desirable retail and dining destinations in the city.