2980 SH TX-114 Frontage Rd - Restaurant FOR SALE


Trophy Club, TX 76262 | 
$10,670,000 USD
972-755-5279
2980 SH TX-114 Frontage Rd, Trophy Club, TX for Sale
$10,670,000 USD
Restaurant - FOR SALE
1/1
null | 7.5% Cap Rate

2980 SH TX-114 Frontage Rd
Trophy Club, TX 76262


HIGHLIGHTS

  • Premier Trophy Club Location - Located in One of North Texas’ Most Affluent Communities, with Reported Average Household Income Exceeding $306,000
  • Strong Income with Contractual Growth - Generates $800,783 in Annual Rent through July 2034, with a Scheduled 10% Increase in Remaining Primary Term
  • High-Visibility SH-114 Frontage - Prominent Positioning along a Key DFW Corridor Connecting Trophy Club with Westlake, Southlake, DFW Airport
  • 190 Additional City-Managed Parking Spaces Directly Adjacent - Benefits from Irrevocable Rights to 190 Adjacent Parking Spaces Maintained
  • Significant Year-One Tax Benefits – Estimated $887,711–$1,126,710 in First-Year Tax Savings Through Accelerated Depreciation

OVERVIEW

Paine Restaurant Group at Marcus & Millichap is pleased to present the exceptional investment opportunity located at 2980 TX-114 Frontage Road in Trophy Club, Texas. The asset features a premier, net-leased restaurant occupied by HG Sply Co., one of the Dallas-Fort Worth Metroplex's most recognizable and successful restaurant brands. The property generates $800,783 in annual rental income through July 2034 and benefits from a scheduled 10 percent rent increase during the remaining primary lease term, providing investors with stable cash flow and built-in contractual income growth. Since opening its original location on Lower Greenville in 2013, HG Sply Co. has expanded to five locations throughout the DFW area, demonstrating strong brand recognition, consumer loyalty, and sustained regional demand. Strategically positioned along State Highway 114, the property enjoys exceptional visibility on one of North Texas' most important transportation corridors, connecting Trophy Club with Westlake, Southlake, DFW International Airport, and numerous major employment centers. Constructed in 2019, the 25,680-square-foot building serves as HG Sply Co.'s largest location and has established itself as a landmark experiential dining destination within the market. The asset further benefits from irrevocable rights to an additional 190 adjacent parking spaces that are maintained and managed by the city, significantly enhancing accessibility and overall site capacity. Beyond its attractive in-place income, the offering represents a compelling covered land investment on approximately 1.83 acres of strategically located real estate in one of North Texas' most affluent communities. Average household income exceeds $351,000 within a three-mile radius, and the surrounding trade area is supported by established residential neighborhoods and major employers including Charles Schwab, Fidelity, and Deloitte. Combining contractual rent growth, a proven restaurant operator, exceptional demographics, and long-term redevelopment optionality, this asset presents a rare opportunity to acquire a high-profile investment in a premier DFW location.

FOR SALE DETAILS

PRICE

$10,670,000 USD

PRICE/SF

$415 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

PD-25

APN/PARCEL ID

42330686,42330694

ASK ABOUT THIS PROPERTY

John PainePaine Restaurant Group at Marcus & MillichapMore Info
972-755-5279

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John PainePaine Restaurant Group at Marcus & MillichapMore Info
972-755-5279

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