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Restaurant

Ojos Locos

4531 Dallas Fort Worth Turnpike, Dallas, TX 75211

Listing Price: $5,217,391

Cap Rate
5.75%
Tenant Name
Ojos Locos
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
7,500
Lease Type
Absolute Net
Rent Per Square Feet
$40.00

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Ojos Locos Sports Cantina located at 4531 Dallas Fort Worth Turnpike in Dallas, Texas. The subject property consists of an estimated 7,500 rentable square feet and is situated on roughly 2.24 acres of land. The property is subject to a brand-new, 20-year sale-leaseback that will commence upon the close of escrow. The base rent will be $300,000 and is scheduled to increase by 7.50%every five (5) years, continuing throughout four (4), five (5)-year tenant renewal options.

Investment Highlights

  • A 20-Year Triple-Net (NNN) Sale-Leaseback: At closing the tenant will execute a brand-new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities
  • Corporate Guaranty: The lease will carry a corporate guaranty from Crazy Eyes Holdings, LLC, the parent company of Ojos Locos
  • Brand-New Construction: The property is projected to open for business in June of 2022

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Listing Price: $5,217,391

Cap Rate
5.75%
Tenant Name
Ojos Locos
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
7,500
Lease Type
Absolute Net
Rent Per Square Feet
$40.00

Investment Highlights

  • A 20-Year Triple-Net (NNN) Sale-Leaseback: At closing the tenant will execute a brand-new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities
  • Corporate Guaranty: The lease will carry a corporate guaranty from Crazy Eyes Holdings, LLC, the parent company of Ojos Locos
  • Brand-New Construction: The property is projected to open for business in June of 2022

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Ojos Locos Sports Cantina located at 4531 Dallas Fort Worth Turnpike in Dallas, Texas. The subject property consists of an estimated 7,500 rentable square feet and is situated on roughly 2.24 acres of land. The property is subject to a brand-new, 20-year sale-leaseback that will commence upon the close of escrow. The base rent will be $300,000 and is scheduled to increase by 7.50%every five (5) years, continuing throughout four (4), five (5)-year tenant renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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