2804 Ridge Rd - Restaurant FOR SALE


Rockwall, TX 75032
$4,380,000 USD
972-755-5205
2804 Ridge Rd, Rockwall, TX for Sale
$4,380,000 USD
Restaurant - FOR SALE
1/4
null | 5.25% Cap Rate

2804 Ridge Rd
Rockwall, TX 75032


HIGHLIGHTS

  • Corporate Ground Lease – 11.3 Years Remaining With 10 Percent Rental Increases Every Five Years
  • Signalized Hard Corner at Ridge Road and Interstate 30 (116,135 VPD) with a Drive-Thru
  • Affluent Trade Area – Average Household Income of $152,000 Within Five Miles
  • 11-Car Drive-Thru Stack Accommodating Strong Peak-Hour Volume
  • Strong Population Base of 107,900 Residents Within Five Miles – Projected to Grow Nearly 10 Percent by 2029
  • Dominant Retail Corridor Anchored by Walmart, Target, Lowe’s, and Other National Credit Tenants

OVERVIEW

Offered for sale is the opportunity to acquire a ground lease Panera Bread in Rockwall, TX. The property consists of a 4,487-square-foot, freestanding building that sits on approximately 0.93 acres of land. There are 11.3 years remaining on the lease with 10% rental increases every five years.

FOR SALE DETAILS

PRICE

$4,380,000 USD

PRICE/SF

$1,475 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corporate Panera (Trophy Location)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

CROSS STREETS

I-30

LAND ACRES

0.72 AC

LAND SF

31,175 SF

ZONING

C2

APN/PARCEL ID

32128

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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