5014 Ross AveDallas, TX 75206

For Sale
$2,355,000

Profitable QSR, 10-year lease, high-growth area.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 2,491 square foot restaurant property, located at 5014 Ross Ave in Dallas, Texas (zip code 75206), presents a compelling investment opportunity. Built in 2024, this single-tenant retail space boasts a brand new 10-year Net Net Net (NNN) lease commencing February 1, 2024, and expiring January 31, 2034. The lease includes a favorable 2% annual rent increase. The property sits on a 0.44-acre lot and currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $153,000 and a 6.50% cap rate. The asking price is $2,355,000. This prime location in the Lower Greenville area of Dallas offers significant advantages, including high traffic counts exceeding 20,000 vehicles per day, two convenient points of entry/exit, and a densely populated submarket with a daytime population exceeding 600,000 people. The average household income within a 3-mile radius surpasses $106,000, nearly 1.5 times the national average. This represents a rare in-fill drive-thru opportunity with high barriers to entry, benefiting from explosive population growth (over 25% increase in the last five years) in this desirable East Dallas submarket.

Highlights

  • Brand new 10-year NNN lease with 2% annual rent increases.
  • East Dallas submarket boasts over 25% population growth in the last 5 years.
  • Rare in-fill drive-thru opportunity on Ross Ave with high barriers to entry.
  • Two points of ingress/egress with traffic counts exceeding 20,000 vehicles per day (VPD).
  • Densely populated submarket with over 600,000 daytime population.
  • Average household income within a 3-mile radius exceeds $106,000, nearly 1.5 times the national average.

Property Details for 5014 Ross Ave

Property type
Other retail properties, Restaurants
Square Feet
2,491 SF
Year Built
2024
Lot Size (sq. ft)
19,166 SF

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.8072546
Longitude
-96.7742341
5014 Ross Ave, Dallas, Texas

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5014 Ross Ave
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