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Restaurant

Dickey’s Barbecue Pit

1801 Ballpark Way, Arlington, TX 76006

Listing Price: $3,000,000

Cap Rate
6.00%
Tenant Name
Dickey’s Barbecue Pit
Gross SF
4,791
Guarantor
Franchisee Guarantee
Rentable SF
4,791
Price/Gross SF
$626.17
Lease Type
Absolute Net
Rent Per Square Feet
$37.57

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Dickey’s Barbecue Pit in Arlington, Texas. The property consists of a 4,791-square foot, freestanding building that sits on approximately 0.95 acres of land. The tenant will sign a new 10-year, absolute net lease at the close of escrow. The lease will include 8 percent rental escalations every five years throughout the primary term, as well as the option periods. The property is located at the hard corner of Ballpark Way and Brookhollow Plaza Drive (24,387 VPD), with proximity to Interstate 30 (170,847 VPD). The area is extremely dense with more than 260,067 residents within a five-mile radius. The property is near Arlington’s Entertainment District, which features AT&T Stadium (Home of the Dallas Cowboys), Globe Life Field (Home of the Texas Rangers), Globe Life Park, Six Flags over Texas, Hurricane Harbor, Arlington Convention Center, and Lincoln Square (418,238 square feet of retail). Approximately $4 billion was invested in the district in the past few years, which is expected to boost the already prominent tourism activity. Recent additions include: Globe Life Field, the $1.1 billion retractable roof stadium for the Texas Rangers; Texas Live!, a $250 million mixed-use, entertainment complex; and Live! By Loews, a $150 million resort-style hotel. This new development is expected to create an additional 1,025 permanent jobs and $100 million per year in economic output to Arlington.

Investment Highlights

  • New 10-Year Absolute Net Lease to be Signed at Close of Escrow
  • Located Outside of AT&T Stadium (Home of the Dallas Cowboys) and Globe Life Field (Home of the Texas Rangers)
  • One of the Top Performing Restaurants in the Entire Dickey's BBQ Franchise System
  • Attractive 8% Rental Escalations Every Five Years Throughout the Primary Term and Option Periods
  • Hard Corner Location Near Interstate 30 (170,847 VPD)
  • Infill Dallas-Fort Worth Location - More than 260,067 Residents Within a Five-Mile Radius

Exclusively Listed By

Financing By

Listing Price: $3,000,000

Cap Rate
6.00%
Tenant Name
Dickey’s Barbecue Pit
Gross SF
4,791
Guarantor
Franchisee Guarantee
Rentable SF
4,791
Price/Gross SF
$626.17
Lease Type
Absolute Net
Rent Per Square Feet
$37.57

Investment Highlights

  • New 10-Year Absolute Net Lease to be Signed at Close of Escrow
  • Located Outside of AT&T Stadium (Home of the Dallas Cowboys) and Globe Life Field (Home of the Texas Rangers)
  • One of the Top Performing Restaurants in the Entire Dickey's BBQ Franchise System
  • Attractive 8% Rental Escalations Every Five Years Throughout the Primary Term and Option Periods
  • Hard Corner Location Near Interstate 30 (170,847 VPD)
  • Infill Dallas-Fort Worth Location - More than 260,067 Residents Within a Five-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Dickey’s Barbecue Pit in Arlington, Texas. The property consists of a 4,791-square foot, freestanding building that sits on approximately 0.95 acres of land. The tenant will sign a new 10-year, absolute net lease at the close of escrow. The lease will include 8 percent rental escalations every five years throughout the primary term, as well as the option periods. The property is located at the hard corner of Ballpark Way and Brookhollow Plaza Drive (24,387 VPD), with proximity to Interstate 30 (170,847 VPD). The area is extremely dense with more than 260,067 residents within a five-mile radius. The property is near Arlington’s Entertainment District, which features AT&T Stadium (Home of the Dallas Cowboys), Globe Life Field (Home of the Texas Rangers), Globe Life Park, Six Flags over Texas, Hurricane Harbor, Arlington Convention Center, and Lincoln Square (418,238 square feet of retail). Approximately $4 billion was invested in the district in the past few years, which is expected to boost the already prominent tourism activity. Recent additions include: Globe Life Field, the $1.1 billion retractable roof stadium for the Texas Rangers; Texas Live!, a $250 million mixed-use, entertainment complex; and Live! By Loews, a $150 million resort-style hotel. This new development is expected to create an additional 1,025 permanent jobs and $100 million per year in economic output to Arlington.

Exclusively Listed By

Financing By

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