MOD Pizza | Corporate Backed
Retail | 5.85% CAP | 2,582 SqFt
Marketing description
Weitzman is pleased to exclusively offer the opportunity to acquire the fee simple ownership at 1325 N US 377, a MOD Pizza at the northwest quadrant of 114 and 377 in Roanoke, TX (DFW MSA).
The offering presents an opportunity to acquire a corporately backed, single-tenant net lease investment in Roanoke, Texas, one of the fastest-growing and most affluent trade areas in the Dallas–Fort Worth metroplex. Strategically located at 1325 N US 377, the property benefits from excellent visibility and accessibility along a primary retail corridor, with exposure to approximately 84,000 vehicles per day driven by proximity to both US-377 and SH-114.
The asset is positioned within a dominant retail node featuring national traffic generators including Walmart, The Home Depot, and PetSmart, as well as other regional shopping, dining, and service-oriented uses. Additionally, the site is located near the Alliance Texas corridor, one of the region’s largest employment hubs, driving consistent daytime population and consumer demand. This strong co-tenancy and employment base support sustained foot traffic and long-term tenant performance.
Demographically, the property is supported by a highly affluent and expanding population base. The immediate trade area includes approximately 80,000 residents within a 5-mile radius, with average household incomes above $200,000. Population and household growth are projected to increase by approximately 6.5% over the next five years, reflecting continued residential development and in-migration to North Fort Worth. This combination of strong income levels and sustained growth positions the asset to benefit from increasing consumer spending and long-term rent stability.
Investment highlights
- Strong Corporate Guarantee
- Owned by Elite Restaurant Group, MOD Pizza has over 450 locations in 26 states.
- Limited Landlord Responsibilities
- Double Net asset with Landlord only responsible for roof, structure and foundation allowing for consistent passive income.
- Rent Growth
- 10% Rental Increases in both primary term and future options.
- Strategic Location
- Located on the main thoroughfare in Roanoke, US 377.
- Positioned amongst major anchors: Walmart, Home Depot, Aldi, CVS and Chick-Fil-A.
- Future Growth
- Household and Population growth projected at approximately 6.5% within the next 5 years.
- No State Income Tax
- Texas has no state income tax
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