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Restaurant

Hwy 55 (Dallas MSA)

391 N Sonoma Trail, Ennis, TX 75119

Listing Price: $2,808,000

Cap Rate
6.00%
Tenant Name
Hwy 55 Burgers, Shakes & Fries
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
2,949
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.14

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant HWY 55 Burgers, Shakes & Fries in the Dallas suburb of Ennis, Texas. This is a brand-new location, targeted to open in late March or early April 2021. This HWY 55 offers a new, 20-year, triple net lease with three, five-year tenant renewal options and 10 percent rent increases every five years. Currently under construction, this extremely attractive architectural design includes a drive-thru. Hwy 55 was founded in 1991 and currently operates 130+ locations across 13 states and is still run by its original founder. The Subject Property is within walking distance to Downtown Ennis and is in the heart of a busy retail area off Ennis Avenue. Surrounding national brands include Walmart Supercenter, Planet Fitness, Hibbett Sports, Tractor Supply Company, Dollar Tree, Holiday Inn Express & Suites, Days Inn by Wyndham, Comfort Suites, La Quinta Inn & Suites, Aaron’s, Walgreens, Taco Bell, Chili’s Grill & Bar, Chick-fil-A, McDonald’s, Verizon, Bank of America and many more. The area has strong demographics with an average household income of $68,900 within three miles, and over $72,200 in five miles. Ennis is part of the Dallas-Fort Worth Metro Area, which is the fourth-most populous metro in the nation with a total population of nearly 7.5 million residents – 1.3 million in Dallas alone. The Subject Property is 35 miles from Dallas and 57 miles from Fort Worth.

Investment Highlights

  • Brand New Location, Currently Under Construction
  • Extremely Attractive Architectural Design that Includes a Drive-Thru
  • New, 20-Year, Triple Net (NNN) Lease with Corporate Guarantee
  • Three, Five-Year Tenant Renewal Options
  • 10 Percent Rent Increases Every Five Years Through Base Term and Options
  • Part of the Dallas-Fort Worth Metro Area; 35 Miles from Dallas and 57 Miles from Fort Worth

Exclusively Listed By

Listing Price: $2,808,000

Cap Rate
6.00%
Tenant Name
Hwy 55 Burgers, Shakes & Fries
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
2,949
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.14

Investment Highlights

  • Brand New Location, Currently Under Construction
  • Extremely Attractive Architectural Design that Includes a Drive-Thru
  • New, 20-Year, Triple Net (NNN) Lease with Corporate Guarantee
  • Three, Five-Year Tenant Renewal Options
  • 10 Percent Rent Increases Every Five Years Through Base Term and Options
  • Part of the Dallas-Fort Worth Metro Area; 35 Miles from Dallas and 57 Miles from Fort Worth

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant HWY 55 Burgers, Shakes & Fries in the Dallas suburb of Ennis, Texas. This is a brand-new location, targeted to open in late March or early April 2021. This HWY 55 offers a new, 20-year, triple net lease with three, five-year tenant renewal options and 10 percent rent increases every five years. Currently under construction, this extremely attractive architectural design includes a drive-thru. Hwy 55 was founded in 1991 and currently operates 130+ locations across 13 states and is still run by its original founder. The Subject Property is within walking distance to Downtown Ennis and is in the heart of a busy retail area off Ennis Avenue. Surrounding national brands include Walmart Supercenter, Planet Fitness, Hibbett Sports, Tractor Supply Company, Dollar Tree, Holiday Inn Express & Suites, Days Inn by Wyndham, Comfort Suites, La Quinta Inn & Suites, Aaron’s, Walgreens, Taco Bell, Chili’s Grill & Bar, Chick-fil-A, McDonald’s, Verizon, Bank of America and many more. The area has strong demographics with an average household income of $68,900 within three miles, and over $72,200 in five miles. Ennis is part of the Dallas-Fort Worth Metro Area, which is the fourth-most populous metro in the nation with a total population of nearly 7.5 million residents – 1.3 million in Dallas alone. The Subject Property is 35 miles from Dallas and 57 miles from Fort Worth.

Exclusively Listed By

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