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27816940
27816941

3710 W Northwest Hwy, Dallas, TX 75220

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa
$4,795,000
230 days on market
Updated 51 days ago

Whataburger | Dallas, TX

Details
APN 004424000A01A0000
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,752
Cap Rate 5.02%
NOI $240,477
Occupancy 100%
Tenancy Single
Brand/Tenant Whataburger
Lease Type Absolute NNN
Lease Term 18
Lease Expiration 08/31/2037
Remaining Term 11.2
Rent Bumps Yes
Lease Options 3 (5-Year)
Broker Co-Op Yes
Year Built 1995
Buildings 1
Stories 1
Acreage 0.770
Zoning CR: Community Retail
Parking Spaces 42 spaces
Parking Per SqFt 15.26
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2019
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Sale Condition 1031 exchange

11 Yr. Remaining | 10% Increases | Adjacent to Dallas Love Airport (7.7 Million Visitors Annually)

Marketing description

Introducing a lucrative investment opportunity at 3710 W. Northwest Highway in Dallas, Texas. This single-tenant property features over 11 years remaining on the lease with options to extend and scheduled rental increases. The corporate lease is held by Whataburger Restaurants, LLC, ensuring a stable income stream. With a net operating income of $240,477 and a 4.91% cap rate, this absolute NNN property offers a hassle-free investment where the tenant bears all responsibilities. Nestled in a prime location adjacent to Dallas Love Field Airport and surrounded by popular retailers like Walmart and Starbucks, this property benefits from strong foot traffic. The 2,752 SF building on 0.77 acres boasts a fee simple ownership structure with attractive rental increases every 5 years. Ideal for passive investors seeking long-term growth and inflation protection, this property promises a secure and high-income generating asset in a thriving retail corridor.

Investment highlights

  • 11+ Years Remaining | Options To Extend | Scheduled Rental Increases

  • Absolute NNN | Fee Simple Ownership

  • Adjacent To Dallas Love Field Airport (7.7M+ Annual Visitors) | Retail Corridor | Strong National/Credit Retailer Presence

  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$240,477.00
$20,039.75/mo

Valuation Metrics

0
DSCR
5.02%
Cap Rate
5.02%
ROI

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Additional Information

Name
Ryan Johnson
License
TX License No. 525292
Brokerage
SRS Real Estate Partners-Southwest, LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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