1850 White StAnna, TX 75409

For Sale
$2,715,000

High-growth Texas location, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 2,208 square foot Dairy Queen located at 1850 W White St, Anna, TX 75409. The property sits on a 0.61-acre lot and boasts a 15-year absolute NNN lease with a franchisee tenant, commencing November 1, 2024, and expiring October 31, 2039. The lease includes two 5-year renewal options, with annual rent bumps of 2% in the primary term and options. The property features excellent visibility and access along Anna's main retail corridor, experiencing over 17,000 vehicles per day. With a current Net Operating Income (NOI) of $156,000 and an asking price of $2,715,000, this translates to a 5.75% cap rate. Built in 2022, the property maintains 100% occupancy. Anna, Texas is experiencing significant growth, with a 17.4% population increase since 2023, and is situated within the rapidly expanding Dallas-Fort Worth Metroplex (8.10M+ MSA population). The property benefits from its proximity to several of the fastest-growing cities in the U.S., and is less than 15 miles from a major $30 billion Texas Instruments campus currently under development. This presents a compelling investment opportunity in a high-growth area with a strong, established tenant and favorable lease terms. The price per square foot is $1,229.62.

Highlights

  • 15-Year Absolute NNN Lease with 2% annual rent increases and two 5-year renewal options.
  • Dairy Queen located on a 0.61-acre lot with excellent visibility and access on Anna's main retail corridor (17,000+ vehicles per day).
  • Anna, TX is a rapidly growing city within the DFW MSA, experiencing a 17.4% population increase since 2023, and is near some of the fastest-growing cities in the U.S.
  • Proximity to a major $30 billion Texas Instruments campus under development, 15 miles away.
  • Strong investment opportunity with a 5.75% cap rate, $156,000 NOI, and $2,715,000 asking price.

Property Details for 1850 White St

Property type
Other retail properties, Individual retail properties
Square Feet
2,208 SF
Year Built
2022
Lot Size (sq. ft)
26,572 SF

Location Insight

City
Anna
County
Collin
State
Texas
Latitude
33.34533
Longitude
-96.572579
1850 White St, Anna, Texas

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1850 White St
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