1509 Corsicana HwyHillsboro, TX 76645

For Sale
$1,360,000

Hillsboro, TX: High-Yield QSR Property

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple interest in a Dairy Queen property located at 1509 Corsicana Hwy, Hillsboro, TX 76645. The 4,482 square foot building, constructed in 2012, sits on a 0.94-acre lot and benefits from a prime location near I-35, a Walmart Supercenter, and a recently opened Buc-ee's. The property boasts a strong 8.25% cap rate, generating a net operating income (NOI) of $112,200. The absolute NNN lease, guaranteed by a 39-unit franchisee, features 10% rent bumps every five years and extends to April 30, 2031, with four five-year options. Hillsboro's strategic location between Dallas/Fort Worth and Austin, coupled with its proximity to I-35 (over 55,900 vehicles daily), ensures high visibility and consistent traffic. The property's drive-thru enhances its appeal and operational efficiency. The substantial lot size offers potential for future expansion or redevelopment. This investment provides long-term stability, attractive returns, and minimal landlord responsibilities, making it an ideal addition to any portfolio. The property enjoys 100% occupancy and benefits from the strong brand recognition of Dairy Queen, a globally recognized quick-service restaurant with over 7,500 locations. Hillsboro's population growth metrics within a 1, 3, and 5-mile radius are 3.52%, 8.46%, and 8.29% respectively, indicating a thriving market. Texas's status as a no-income-tax state further enhances the investment's appeal.

Highlights

  • Triple-net (NNN) lease with 10% rent increases every five years, minimizing landlord responsibilities.
  • Lease guaranteed by Lonestar DQ, a 39-unit franchisee.
  • High-traffic location on I-35 (over 55,900 vehicles daily), near Walmart and Buc-ee's.
  • 8.25% cap rate, generating $112,200 NOI.
  • Long-term lease extending to April 30, 2031, with four 5-year options.
  • 4,482 SF Dairy Queen with drive-thru, built in 2012.

Property Details for 1509 Corsicana Hwy

Property type
Other retail properties, Restaurants
Square Feet
4,482 SF
Year Built
2012
Buildings
1
Lot Size (sq. ft)
40,946 SF

Location Insight

City
Hillsboro
County
Hill
State
Texas
Latitude
32.009009109758
Longitude
-97.091362180057
1509 Corsicana Hwy, Hillsboro, Texas

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1509 Corsicana Hwy
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