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31488705
31488717

1325 N US Hwy 377, Roanoke, TX 76262

GL
TX TX 765983
Weitzman Dallas
KB
TX 678298
Weitzman Dallas
Listed by Weitzman Dallas
$2,564,103
63 days on market
Updated 0 days ago

MOD Pizza | Corporate Backed

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,582
Net Rentable (SqFt) 2,582
Cap Rate 5.85%
NOI $150,000
Occupancy 100%
Tenancy Single
Brand/Tenant LLC, MOD Pizza
Lease Term 10
Lease Expiration 12/30/2032
Remaining Term 6.6
Rent Bumps Yes
Lease Options Two (2) Five (5) Year Options
Year Built 2014
Year Renovated 2022
Acreage 0.660
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/08/2022
Rent Commencement 12/09/2022

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

Listing Contacts

GL
TX TX 765983
Weitzman Dallas
KB
TX 678298
Weitzman Dallas
Listed by Weitzman Dallas

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$150,000.00
$12,500.00/mo

Valuation Metrics

0
DSCR
5.85%
Cap Rate
5.85%
ROI

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Additional Information

Name
Guillermo Lopez
License
TX 765983
Brokerage Phone
2147206653
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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