Listed by Hanley Investment Group, The Woodmont Company
$7,335,000
The Saint - Design District | Dallas, TX
Details
APN 006834000401A0000
Property Type Retail
Sub Type Restaurant
Square Footage 8,423
Net Rentable (SqFt) 8,423
Cap Rate 5.75%
NOI $421,654
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 21
Lease Expiration 08/31/2044
Remaining Term 18.1
Rent Bumps Yes
Lease Options Three 5-Year @ Opt 1: $558,965/Yr 1 then 2.5% Annually Opt 2-3: 2.5% Annually
Price per SqFt $871
Broker Co-Op Yes
Year Built 2025
Buildings 1
Stories 1
Acreage 0.160
Lease Commencement 09/01/2023
Ground Lease No
Pride of Ownership Investment | Single-Tenant, Dual-Concept Venue with 20-Year Absolute NNN Lease
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/TheSaint_Dallas
Investment highlights
• Pride of Ownership Single-Tenant Investment; High-Profile Building within the Dallas Design District:
- New 20+ year absolute NNN lease; zero landlord responsibilities
- 2.1% annual increases in years 4–8 and 2.2% annual increases in years 9–21
- The Saint, which originally opened near Deep Ellum in 2023, recently relocated to the Dallas Design District
- The building is home to two fine-dining concepts, The Saint is located on the second floor, while The Saint’s sibling fine-dining Asian concept, is located on the ground floor of the same building
- Night Rooster – Led by celebrated chef Shirley Chung (Top Chef alum & Food Network personality), Night Rooster offers a refined yet deeply personal expression of Chinese cuisine—one shaped by Texas-grown ingredients and warm hospitality
- Parent company, Hooper Hospitality Concepts (HHC), owns restaurants in the Las Vegas region and Texas
- Huge reported unit-level sales (Contact Broker for Details)
• Explosive Submarket Growth: Dallas Design District – A Premier Urban Epicenter:
- The Design District has seen property values increase significantly, evolving from industrial roots into Dallas’s premier dining and entertainment corridor alongside neighbors like Carbone and The Charles
• High-Traffic Location with Frontage Along Riverfront Boulevard (33,500 CPD)
Listing Contacts
Listed by Hanley Investment Group, The Woodmont Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$421,654.00
$35,137.83/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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