10300 Technology BlvdDallas, TX 75220

For Sale
$2,700,000

High-traffic, fully leased restaurant

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fully leased, 5,905 square foot restaurant in Dallas, Texas. Located at 10300 W Technology Blvd, this single-tenant property sits on a 1.43-acre lot with 150 feet of frontage on Northwest Highway, boasting high visibility and accessibility between I-35 and Stemmons Freeway. The property features a recently remodeled restaurant space with an attractive outdoor patio and prominent pole signage. The current lease is an Absolute NNN, single-tenant agreement with a remaining term of 3.5 years, expiring May 31, 2028, and includes two, five-year renewal options with a 10% rent increase each. The property's strong financials include a 5.53% cap rate and a Net Operating Income (NOI) of $149,400, based on a $2,700,000 asking price and a price per square foot of $457.24. The property benefits from high traffic counts (38,700 vehicles per day on Northwest Highway) and proximity to national retailers such as McDonald's, Pappadeaux, and Shell. Built in 1995, this one-story building is zoned for commercial use and offers a compelling investment opportunity in a thriving Dallas commercial corridor. The lease commenced June 1, 2018, and the property is currently 100% occupied.

Highlights

  • 5,905 SF fully leased restaurant with outdoor patio.
  • 150 feet of Northwest Highway frontage.
  • Excellent location between I-35 and Stemmons Freeway.
  • Recently remodeled with prominent pole signage.
  • High traffic count: 38,700 VPD on Northwest Highway.
  • Strong co-tenancy with national retailers and restaurants.

Property Details for 10300 Technology Blvd

Property type
Other retail properties, Restaurants
Square Feet
5,905 SF
Year Built
1995
Buildings
1
Stories
1
Lot Size (sq. ft)
62,291 SF
Units
1

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.863818860107
Longitude
-96.898190647929
10300 Technology Blvd, Dallas, Texas

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10300 Technology Blvd
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