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Views: 84 DOM: 202 Updated: 07.24.24 Posted: 02.27.24 Status: Active

Summary

Price $3,471,188
Built/Renov 2016/2023
Tenant Beef-A-Roo
Cap Rate 8.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,174
Lease Start 11-23-2022
#Units 24
Price/SF $1,093.63
Expiration 11-30-2042
Tenant Type Fast Casual/Rest.
NOI $277,695
R. Term 18.2
Ownership Fee Simple
Rent/SF $87.49
Increases 2.0%/1/yrs
Pop 5Mi 190,546
Lot/AC 0.87
Options 4/5yrs/2%
AHHI 5Mi $81,166

Lease Highlights

  • Beef-A-Roo has 18+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Beef-A-Roo is strategically located on W. Belt Line Road, with access to 20,242 vehicles passing by daily. The property is surrounded by well-known national tenants including Taco Bell, Whataburger, Waffle House, Walmart, Bank of America, and more. The 5-mile trade area is supported by a population of 190,546 residents with an average household income of $81,166. DeSoto is a city in Dallas...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Beef-A-Roo
  • Guarantor:Corporate
  • Company:Next Brands & Development
  • # Units:24
  • Stock:Private

About Tenant

Beef-A-Roo is a beloved restaurant chain that has been serving up delicious roast beef sandwiches, which have become a local favorite. Over the decades, the company has expanded its menu to...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 10,759 75,847 190,033
2023 Total Population : 10,517 74,627 188,175
2023 Employed Civilian Pop : 6,200 40,097 95,980
2023 Total Businesses : 180 1,615 5,512
2023 Average Household Income : $ 108,894 $ 102,329 $ 91,433
2023 Total Consumer Spending : $ 312 M $ 2296 M $ 5195 M
2023 Median Age : 38 37 36
2023 Total Households : 3,386 26,114 65,733
2023 Pop Age 25+: Bachelor's Degree : 1,393 10,096 23,641
2023 Average Home Value : $ 291,394 $ 280,154 $ 282,982
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Belt Line Rd Ellerson Rd 2012 22,014 0.07 mi
Ellerson Rd S Elerson Rd 2009 3,970 0.09 mi
W Belt Line Rd Chapel Hill 2012 22,489 0.31 mi
W Belt Line Rd S Westmoreland Rd 2004 10,570 0.32 mi
Eagle Dr Eagle Ct 2009 930 0.33 mi
S Westmoreland Rd W Belt Line Rd 2012 7,019 0.44 mi
West Belt Line Road N Cockrell Hill Rd 2022 20,957 0.48 mi
S Westmoreland Rd Courson Dr 2012 7,058 0.50 mi
W Belt Line Rd S Westmoreland Rd 2012 22,300 0.52 mi
N Westmoreland Rd Silver Creek Dr 2012 5,555 0.56 mi

Listing Broker

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