1414 Market Pl - Restaurant FOR SALE


Irving, TX 75063- Valley Ranch
$4,000,275 USD
817-932-6100
1414 Market Pl, Irving, TX for Sale
$4,000,275 USD
Restaurant - FOR SALE
1/4
null | 7.32% Cap Rate

1414 Market Pl
Irving, TX 75063
Valley Ranch


HIGHLIGHTS

  • Freestanding Restaurant With Corporate Absolute Net Lease With Over 5 Years Remaining
  • Located Less Than 5 Miles From DFW International Airport, One of The Busiest in The World With 87 Million Annual Visits And a 7.4 percent Growth Rate
  • Access And Visibility From Interstate 635 With Over 116,617 VPD And Frontage Road Over 18,772 VPD
  • Anchored in Dense Retail Corridor, Including Walmart Supercenter Receiving 2.7 Million Visits Per Year Ranked Top 20 Percent Nationwide
  • 9,800 SF Building on 2 Acre Lot | With Below Market Rent Per SF of $29.8
  • Three-Mile Population of 81,834 And Five-Mile of 208,740 Surrounded by Over 14,000 Homes And 21 Multifamily Developments

OVERVIEW

Paine Net Lease Team at Marcus & Millichap is pleased to offer for sale Razzoo’s located at 1414 Market Place Boulevard in Irving, Texas. Razzoo’s is a long-term tenant operating under a corporate-guaranteed, absolute NNN lease. This lease structure provides investors with fee simple ownership and eliminates landlord responsibilities. The tenant is responsible for all common area maintenance, property taxes, insurance, and the upkeep of the premises, which ensures a truly passive and reliable income stream. The freestanding building features a modern and well-maintained restaurant design, complete with ample parking and a welcoming outdoor patio. It is located on Market Place Boulevard, offering excellent visibility and direct access to Interstate 635, which experiences an average daily traffic count of 116,617 vehicles. This location benefits from high vehicular traffic and convenient connectivity to nearby neighborhoods and commercial centers.

FOR SALE DETAILS

PRICE

$4,000,275 USD

PRICE/SF

$398 USD /SF

CAP RATE

7.32%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Razoo's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

2.01 AC

LAND SF

87,556 SF

ZONING

SP2

APN/PARCEL ID

322777900B0010000

ASK ABOUT THIS PROPERTY

Mark McCoyMarcus & MillichapMore Info
817-932-6100

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Mark McCoyMarcus & MillichapMore Info
817-932-6100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.