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Restaurant

On the Border

1890 S Stemmons Fwy, Lewisville, TX 75067

Listing Price: $3,803,400

Cap Rate
5.25%
Tenant Name
OTB Acquisitions LLC
Years Remaining On Lease
10.4
Gross SF
7,113
Guarantor
No Guarantee
Rentable SF
7,113
Price/Gross SF
$534.71
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.07

Investment Overview

On The Border Mexican Grill & Cantina, “the world’s largest Mexican casual dining brand”, opened its first location in Dallas, Texas in 1982, making a name for itself with sizzling Tex-Mex style food and a lively patio scene. Seeking to bring the signature mesquite-infused flavor of the 20 million acres of drylands between the Rio Grande and Nueces Rivers on the border of Texas and Mexico to every dish, On The Border provides traditional Border-Style dining to cities all across America and internationally, with seven locations in South Korea. Lewisville, Texas, is a dynamic suburban community in the thriving North Texas region that is home to over 100,000 residents. Lewisville is a significant business region used by major corporations for both administrative headquarters and warehousing. With its location just minutes from Dallas Fort Worth International Airport, and connected to two major highways, Lewisville is perfectly positioned for easy local and global access. Lewisville has quality schools, safe neighborhoods, family-friendly recreation options, and the most retail square footage per capita in the region, which makes it an attractive place for families and businesses to settle in the Dallas–Fort Worth MSA.

Investment Highlights

  • Over 10 Years Remaining on Absolute Triple-Net (NNN) Lease
  • 1.25 Percent Annual Rental Increases with Four, Five-Year Renewal Options
  • 238,849 Residents in a Five-Mile Radius - Dallas-Fort Worth MSA
  • Located in Prime Retail Corridor with Several National Retail & Restaurant Chains: Target, Dick's Sporting Goods, Ross, Marshalls, Panera Bread, Raising Cane's, Red Lobster, Chick-fil-A, and Many More
  • High Visibility Location Along Interstate-35E Freeway with Over 146,000 Cars per Day
  • Rapidly Growing Trade Area with Households and Population Projected to Increase Approximately Nine Percent By 2026
  • Within 10 to 15 Minute Commute / Eight Miles to DFW International Airport, Averaging Over 73.3 Million Annual Passengers
  • Extremely Dense Daytime Population of 629,855 Employees, with Major Corporate and Industrial Offices and Warehouses including Hillman Group, Amazon, and FedEx

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Listing Price: $3,803,400

Cap Rate
5.25%
Tenant Name
OTB Acquisitions LLC
Years Remaining On Lease
10.4
Gross SF
7,113
Guarantor
No Guarantee
Rentable SF
7,113
Price/Gross SF
$534.71
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.07

Investment Highlights

  • Over 10 Years Remaining on Absolute Triple-Net (NNN) Lease
  • 1.25 Percent Annual Rental Increases with Four, Five-Year Renewal Options
  • 238,849 Residents in a Five-Mile Radius - Dallas-Fort Worth MSA
  • Located in Prime Retail Corridor with Several National Retail & Restaurant Chains: Target, Dick's Sporting Goods, Ross, Marshalls, Panera Bread, Raising Cane's, Red Lobster, Chick-fil-A, and Many More
  • High Visibility Location Along Interstate-35E Freeway with Over 146,000 Cars per Day
  • Rapidly Growing Trade Area with Households and Population Projected to Increase Approximately Nine Percent By 2026
  • Within 10 to 15 Minute Commute / Eight Miles to DFW International Airport, Averaging Over 73.3 Million Annual Passengers
  • Extremely Dense Daytime Population of 629,855 Employees, with Major Corporate and Industrial Offices and Warehouses including Hillman Group, Amazon, and FedEx

Investment Overview

On The Border Mexican Grill & Cantina, “the world’s largest Mexican casual dining brand”, opened its first location in Dallas, Texas in 1982, making a name for itself with sizzling Tex-Mex style food and a lively patio scene. Seeking to bring the signature mesquite-infused flavor of the 20 million acres of drylands between the Rio Grande and Nueces Rivers on the border of Texas and Mexico to every dish, On The Border provides traditional Border-Style dining to cities all across America and internationally, with seven locations in South Korea. Lewisville, Texas, is a dynamic suburban community in the thriving North Texas region that is home to over 100,000 residents. Lewisville is a significant business region used by major corporations for both administrative headquarters and warehousing. With its location just minutes from Dallas Fort Worth International Airport, and connected to two major highways, Lewisville is perfectly positioned for easy local and global access. Lewisville has quality schools, safe neighborhoods, family-friendly recreation options, and the most retail square footage per capita in the region, which makes it an attractive place for families and businesses to settle in the Dallas–Fort Worth MSA.

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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