1501 W Hebron Pky - Fast Food FOR SALE


Carrollton, TX 75010
$3,681,563 USD
248-254-3406
1501 W Hebron Pky, Carrollton, TX for Sale
$3,681,563 USD
Fast Food - FOR SALE
1/5
null | 8% Cap Rate

1501 W Hebron Pky
Carrollton, TX 75010


HIGHLIGHTS

  • New 20 Year Absolute NNN Lease 
  • 2% Annual Rent Increases
  • 10-mile Population: 30,840
  • Recently Remodeled-to-Suit
  • Excellent Visibility on W. Hebron Pkwy (25k+ Cars Per Day) and Immediate Access to Sam Rayburn Tollway (12k Cars Per Day)
  • Lease is Personally Guaranteed - $60m+ Net Worth

OVERVIEW

Fortis Net Lease is pleased to present a free-standing Beef-A-Roo located in Carrollton, TX. Rocinante Equity, Inc. recently signed a new 20-year lease which commenced on October 2022. The business is set to open in July of 2024 and as of May 1 the renovation is almost complete. The absolute NNN lease will require zero landlord responsibilities and 2% annual rent increases to hedge against inflation. In 2021 Beef-A-Roo reported that the average stores that has been open for at least two years approached $2.9m in annual sales! The lease is guaranteed by Rocinante Equity, Inc., a Texas Corporation, doing business as Elysian Capital and Jeffrey Love, personally.

FOR SALE DETAILS

PRICE

$3,681,563 USD

PRICE/SF

$1,190 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beef-A-Roo(Carrollton, TX)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

commercial

APN/PARCEL ID

R657422

ASK ABOUT THIS PROPERTY

Robert BenderFortis Net LeaseMore Info
248-254-3406

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Robert BenderFortis Net LeaseMore Info
248-254-3406

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