14655 Dallas PkwyDallas, TX 75254

For Sale
$6,000,000

Iconic Steakhouse, High-Traffic Area, Absolute NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 10,500 square foot restaurant, situated on 1.52 acres (66,198 sq ft) at 14655 Dallas Parkway in Dallas, Texas (zip code 75254), presents a lucrative investment opportunity. Built in 1999, the property boasts 126 parking spaces and enjoys unparalleled visibility along the Dallas North Tollway, with over 200,000 vehicles passing daily. Its location, just half a mile from the heart of Addison, Texas, benefits from a dense population (over 17,000 residents) and a high daytime population (over 60,800 within a 1-mile radius). Addison's vibrant events calendar, including Kaboom Town and Oktoberfest, further enhances the property's appeal. The surrounding area features significant commercial development, including the recently completed Tollway Center (a six-story Class A office building) and the Fourteen 5 development (a 480,000 sq ft Class A office complex). The property is offered at $6,000,000 with an Absolute NNN lease, eliminating landlord responsibilities. Asking rent is in the high $30s + NNN. Fixture, Fixture and Equipment (FFE) could be included in the sale. This prime location is ideal for a restaurant or potential office building redevelopment.

Highlights

  • $6,000,000 Asking Price for a 10,500 SF Retail Restaurant.
  • Absolute NNN Lease with no landlord responsibilities.
  • 1.52-acre lot (66,198 SF) with 126 parking spaces.
  • Built in 1999.
  • High $30s per SF + NNN; Fixtures, Furniture, and Equipment (FFE) potentially included.

Property Details for 14655 Dallas Pkwy

Property type
Other retail properties, Restaurants
Square Feet
10,500 SF
Year Built
1999
Lot Size (sq. ft)
66,211 SF

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.9453898
Longitude
-96.823795
14655 Dallas Pkwy, Dallas, Texas

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14655 Dallas Pkwy
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