1400 S Broadway St - Fast Food FOR SALE


Joshua, TX 76058
$1,813,000 USD
510-289-1166
1400 S Broadway St, Joshua, TX for Sale
$1,813,000 USD
Fast Food - FOR SALE
1/1
null | 4% Cap Rate

1400 S Broadway St
Joshua, TX 76058


HIGHLIGHTS

  • New 15-Year Corporate Absolute NNN Ground Lease to Whataburger
  • Scheduled 10% Rental Escalations Throughout Initial Term & Options
  • Zero Landlord Responsibilities
  • Brand New 2025 Construction with Double Drive-Thru Component

OVERVIEW

The subject property is prominently located with excellent access and visibility on South Broadway Street/TX-174, Joshua’s main north-south thoroughfare (24,696 AADT), 8 miles from its junction with Interstate 35W (132,973 AADT). The site benefits from robust demographics in the surrounding area with a population of 182,194 within a 10-miles radius and average household income of $118,062 within a 1-mile radius. The property benefits from a strategic retail location in close proximity to national retail tenants. The site is adjacent to Starbucks, McDonald’s, Panda Express, and Brookshire’s. Nearby national retailers include Home Depot, Albertsons, Lowe’s, 7-Eleven, Jack in the Box, Taco Bell, Family Dollar, and more. The Joshua trade area also spans over 5 miles from retail and restaurant clusters in the neighboring towns of Burleson, Cleburne, and Alvarado. The site is adjacent to other employers and residential developments as well, including Cypress Creek at Joshua Station Apartments (181 units), YMCA, New Horizon High School, and Plum Creek Elementary School (462 students). Other nearby schools include Joshua High School (1,508 students), Joshua Elder Elementary, and HD Staples Elementary. Nearby under construction and planned residential developments include Joshua Meadows with 113 new homes; Cooper Valley, with phases 1-4 compete and phase 5 under construction with 69 new homes; Mockingbird Hills, with phase 1 under construction with 37 new homes and phase 2 planned with 143 new homes; Heritage II, with 90 new homes; Joshua Highlands with 139 new homes; and Joshua Crossing with 51 new lots. Joshua is a suburb of Fort Worth located approximately 20 miles south of the city. Joshua is experiencing substantial growth, with an annual population growth of 4.93%, showcased by new residential and commercial developments expanding the area. Fort Worth (population 978,468) is the second-largest city in the Dallas-Fort Worth Metropolitan area, the fourth most populous city in Texas, and the thirteenth most populous city in the U.S. The Dallas-Fort Worth-Arlington Metropolitan Statistical Area, commonly known as the Dallas-Fort Worth Metroplex, is the fourth largest in the U.S., with a population of approximately 8.1 million. It is the economic hub of Northern Texas, with an MSA GDP of $744.65 billion, making it the 17th largest metropolitan economy in the world. The Dallas-Fort Worth MSA is home to more than 10,000 companies, including the third largest concentration of Fortune 500 Companies, and consistently experiences some of the highest year-over- year population growth in the country. This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

FOR SALE DETAILS

PRICE

$1,813,000 USD

PRICE/SF

$549 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

-

APN/PARCEL ID

126-0173-03793

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.