311 N Clark Rd - Restaurant FOR SALE


Cedar Hill, TX 75104- Downtown Cedar Hill
$2,900,000 USD
415-602-6339
311 N Clark Rd, Cedar Hill, TX for Sale
$2,900,000 USD
Restaurant - FOR SALE
1/7
null | 5% Cap Rate

311 N Clark Rd
Cedar Hill, TX 75104
Downtown Cedar Hill


HIGHLIGHTS

  • Brand New 10-Year Lease | Options To Extend |Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Signalized, Hard-Corner Intersection (51,000 VPD) | Excellent Visibility | Significant Street Frontage | Large Pylon Sign
  • Outparcel to Haverty Furniture | Retail Corridor | Strong National/Credit Tenant Presence
  • Direct, Affluent Consumer Base | Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Olive Garden investment property located in Cedar Hill, Texas (Dallas MSA). The tenant, Olive Garden Holdings, LLC recently signed a brand new 10-year lease, with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years of the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$590 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olive Garden | New 10yr Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

LR

APN/PARCEL ID

160128300C02R0000

ASK ABOUT THIS PROPERTY

Jeff GatesSRS Real Estate PartnersMore Info
415-602-6339

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Jeff GatesSRS Real Estate PartnersMore Info
415-602-6339

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