774-200-1191
1520 Greenville Ave, Dallas, TX for Sale
Restaurant - FOR SALE
1/9
null | Request Cap Rate

1520 Greenville Ave
Dallas, TX 75206
Lower Greenville


HIGHLIGHTS

  • Trophy Lowest Greenville Dallas Investment Opportunity
  • Brand New Darden (DRI) 10-Year Lease | Absolute NNN | BBB Credit Rating
  • 8,062-SF Building | Situated on a Total of 1.44 Acres | Zoned PD-842
  • Base Rent: $45.00/PSF + NNN | Base NOI: $362,790 | 2% Annual Increases
  • Percentage Rent: 5% of Gross Sales Over the Natural Break Point
  • Tenant Has Already Exceeded the Natural Break Point in the Beginning Months of Sales!

OVERVIEW

Marcus & Millichap is pleased to exclusively present for sale Chuy’s Tex-Mex (Lowest Greenville) located at 1516-1580 Greenville Avenue and 5505-5561 Lindell Avenue, Dallas, Texas. The subject property provides an investor the rare opportunity to acquire a newly renovated property with a new 10-year, triple-net lease with a BBB credit tenant, located in one of Dallas’ most sought-after urban submarkets of Lowest Greenville. This high-profile location offers strong foot traffic, excellent visibility, and seamless connectivity to key retail and dining destinations. With a vibrant tenant mix and growing consumer demand, the property is well-positioned for long-term appreciation and investment stability. The subject property is a prime covered land play opportunity situated on 1.44 acres, set up ideally for a long-term generational hold. Located in a thriving retail and dining corridor, the site benefits from strong consumer traffic and continued commercial growth. Its strategic positioning enhances both its immediate value and long-term redevelopment potential. Chuy’s Tex Mex was recently acquired by Darden Restaurants, Inc. in October 2024 for $605 million, joining Darden’s portfolio of differentiated brands, which also includes Olive Garden, Longhorn Steakhouse, Yard House, Ruth’s Chris Steakhouse, Cheddar’s Scratch Kitchen, The Capital Grille, and more. The Lowest Greenville submarket of Dallas is a bustling, walkable neighborhood, mixed with national and strong regional credit retail tenants. It is also within close proximity to the immensely popular North Henderson submarket and serves as a main artery connecting major thoroughfares such as Ross Avenue and Mockingbird Lane. Its lively atmosphere, combined with ongoing commercial growth, makes it one of the most desirable retail and dining destinations in the city.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chuy's Tex-Mex

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

141

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

PD 842

APN/PARCEL ID

00000156007000000

ASK ABOUT THIS PROPERTY

Joe SantelliMarcus & MillichapMore Info
774-200-1191

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Joe SantelliMarcus & MillichapMore Info
774-200-1191

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