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31700595
31700591

2615 Floyd St, Dallas, TX 75204 For Sale

JS
TX TX: 664135-B, FL SL3568387
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
Unpriced
92 days on market
Updated 12 days ago

Cash Cow

Details
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 6,930
Net Rentable (SqFt) 6,930
Tenancy Single
Lease Type Absolute NNN
Lease Term 5
Lease Expiration 11/30/2028
Remaining Term 2.4
Rent Bumps Yes
Lease Options One 5-Year Option @ Market
Class A
Year Built 2023
Buildings 1
Stories 1
Acreage 0.400
Zoning PD 298 (Subarea 5)
Lease Commencement 11/24/2023
Ground Lease No
Ownership Fee Simple

6,930‑SF Bar/Restaurant Asset | NOI: $514,937 | Includes Rare Income-Producing Park Lot Parcel

Marketing description

Cash Cow offers strategic exposure to Dallas’s dynamic food and beverage economy within a high growth retail submarket. Backed by strong metro fundamentals, deep cultural cachet, and rising consumer demand, the subject property is well positioned to deliver attractive cash flow and asset appreciation over the investment horizon. The subject property features an absolute triple-net lease, with the tenant responsible for CAM, insurance, property taxes, roof, and structure, with a current net operating income of $514,937. The lease also features annual rental escalations and a percentage rent clause. The tenant has also contributed a significant investment into the finish-out of the property.

This opportunity goes beyond a traditional bar/restaurant investment as well, offering tremendous potential for a clear path toward densification and mixed-use transformation, backed by supportive zoning (PD 298 Subarea 5), transit access, and parking-modernized regulations.

This investment opportunity provides strong near-term operating cash flow with an embedded optionality to continue to push rents over time on a newly constructed nightlife asset with additional passive income streams, as well as the potential for a lucrative vertical development opportunity in the future.

Investment highlights

  • Absolute NNN Investment Opportunity | NOI: $514,937

  • 6,930‑SF Bar/Restaurant Asset | 0.40‑AC | Zoned PD 298 (Subarea 5)

  • Includes Rare Income-Producing Park Lot Parcel

  • Lease Includes Percentage Rent & Annual Escalations

  • Zero Landlord Responsibilities | Significant Tenant Investment into Property

  • No Parking Requirements Under New Parking Code Amendment | Favorable Zoning for Future Development

  • Strong Demographics | Average Household Income Exceeds $117,000 in a One-Mile Radius

Listing Contacts

JS
TX TX: 664135-B, FL SL3568387
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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Additional Information

Name
Joe Santelli, CCIM
License
TX: 664135-B
Brokerage
Marcus & Millichap
Brokerage Phone
9727555282
Brokerage Address
5001 Spring Valley Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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