Listed by Secure Net Lease
$11,439,000
HG SPLY CO.
Details
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 25,680
Cap Rate 7%
NOI $800,783
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 15
Lease Expiration 07/31/2034
Rent Bumps Yes
Lease Options (1) 5-Year Options To Renew
Year Built 2019
Buildings 1
Stories 1
Acreage 1.830
Investment Type Net Lease
Lease Commencement 08/01/2019
Ground Lease No
7.00% CAP | Premier Trophy Club / Westlake Location
Marketing description
- Located Along the High-Growth TX-114 Corridor - Positioned in one of DFW’s fastest-growing suburban corridors, benefiting from continued residential and commercial expansion driving long-term consumer demand.
- High-Visibility Location Along ~100K VPD Corridor - Frontage along TX-114 provides strong daily exposure and accessibility within a primary commuter and retail artery.
- Affluent Trade Area with Strong Demographics - Trophy Club, Westlake, and surrounding communities feature ~$240K+ household incomes and sustained population growth across North Tarrant and Denton Counties.
- Concept Aligned with Lifestyle-Driven Consumer Base - HG Sply’s health-conscious, experiential dining concept is well-suited for the affluent, fitness-oriented demographic prevalent in the immediate trade area.
- Balanced Daytime and Evening Traffic Patterns - Proximity to office users, dense residential communities, and regional retail creates consistent traffic flow throughout the day.
- Strong In-Place Cash Flow with Contractual Growth - The lease includes 10% rent increases every 5 years, providing predictable NOI growth and an embedded hedge against inflation.
- Sticky Customer Base in Master-Planned Community - Trophy Club’s master-planned environment supports repeat visitation and long-term consumer stability.
- Flexible Exit Strategy with Long-Term Upside - Lease structure allows for future repositioning, re-tenanting, or redevelopment, enhancing long-term real estate optionality.
Investment highlights
- Premier Trophy Club / Westlake Location | Positioned Within One of DFW’s Most Affluent Corridors, Featuring ~$240K+ Average Household Incomes and Strong Surrounding Demographics
- Supply-Constrained, High-Barrier Submarket | Limited Available Land and Strict Development Controls Support Long-Term Value Preservation and Sustained Demand
- High-Visibility TX-114 Corridor | Direct Frontage Along a Major Commuter and Retail Artery with Strong Traffic Counts and Consistent Consumer Flow
- Strong In-Place Cash Flow with Contractual Growth | ~$800K NOI With ~9 Years Remaining Term & 10% Rent Escalations Every 5 Years, Providing Predictable Income Growth
- Compelling Basis Relative to Replacement Cost | Pricing Compares Favorably to Current Replacement Cost, Offering Strong Entry Point w/in High-Income, Supply-Constrained Corridor
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$800,783.00
$66,731.92/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
PD-25 PlannedPlanned Development
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View all 84 uses Last updated Jan 6, 2026 For deeper zoning details, reports are available at Zoneomics
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