2619 Floyd St, Dallas, TX 75204 For Sale

Green Light Social offers a new investor the rare opportunity to acquire an absolute triple-net bar/restaurant opportunity along with an income-producing parking lot in the heart of the premier entertainment district of urban Dallas, Texas. The offering includes an 11,296-square-foot building which features a significant tenant investment into the finish out and overall construction of the asset. Additionally, the subject property features a rare income-producing parking lot parcel, allowing for a larger overall footprint and an additional passive income stream through valet and metered parking.

Green Light Social originated in the Austin, Texas market and quickly gained a significant following with their recent expansion plan into Dallas, Texas with multiple concepts. With a strong, proven track record, the tenant has reported incredible sales numbers consistently, year-over-year. The lease features a an absolute triple-net structure and percentage rent, allowing the new investor to participate in the upside of the tenant's success.

This investment opportunity provides strong, immediate cash flow with a highly successful operating tenant, and the ability to push rents to market with an upcoming renewal option at fair market values in the near future. The current asset features an incredible class-A finish out, completed with a substantial investment from the tenant, proving strong commitment to the site. Additionally, the highly-favorable PD 298 zoning creates the long-term flexibility for future development opportunities in the long term.