5501 Rowlett RdRowlett, TX 75088

For Sale
$3,262,000

Rowlett, TX: NNN Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple ownership of a 2,236 square foot Chicken Express restaurant in Rowlett, Texas. Located on a 0.6-acre lot at 5501 Rowlett Rd, 75088, this single-tenant, absolute NNN (triple net) lease boasts a 15-year term with three 5-year renewal options. The property, built in 1997 and situated in a C2 Central Commercial Zone, features 29 parking spaces and benefits from a prime location near a major thoroughfare (President George Bush Turnpike, 26,300 vehicles per day) ensuring high visibility and accessibility. The lease includes a 10% rent increase every five years, providing a hedge against inflation and steadily growing net operating income (NOI) of $195,705, resulting in a 6.00% cap rate. The asking price is $3,262,000 ($1,458.86 per square foot). The franchisee tenant demonstrates strong commitment with this new long-term lease. This property offers a management-free investment opportunity with significant upside potential due to the strong tenant, favorable lease terms, and excellent location within a densely populated retail corridor. The Dallas County location offers strong demographics, including six-figure incomes and a large consumer base. The property's APN is 440083000A0020000.

Property Details for 5501 Rowlett Rd

Property type
Other retail properties, Restaurants
Square Feet
2,236 SF
Year Built
1997
Buildings
1
Lot Size (sq. ft)
26,136 SF

Location Insight

City
Rowlett
County
Dallas
State
Texas
Latitude
32.9093058
Longitude
-96.5698707
5501 Rowlett Rd, Rowlett, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5501 Rowlett Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message