3215 Regent Blvd - Freestanding FOR SALE


Irving, TX 75063- Las Colinas
$6,187,500 USD
207-272-2425
3215 Regent Blvd, Irving, TX for Sale
$6,187,500 USD
Freestanding - FOR SALE
1/2
null | 6% Cap Rate

3215 Regent Blvd
Irving, TX 75063
Las Colinas


HIGHLIGHTS

  • PICTURESQUE, TROPHY REAL ESTATE – OPTIMAL LEASE STRUCTURE
  • LOCATED IN THE CENTER OF NEW GROWTH
  • 15 Years Remaining
  • Corporate Guarantee – 19 Units – Outstanding Sales Figures on Each
  • Unit Level Sales of Over $9.78M in Sales in 2024

OVERVIEW

NNN Pro Group is pleased to present the subject Mexican Sugar; a trophy restaurant property in the economic powerhouse of Central Texas within Dallas County, and more particularly located at 3215 Regent Boulevard in Irving, Texas. Built in 2020, the subject investment consists of a +/- 2.05-acre parcel situated at the confluence of Interstate Highway 635 and W John Carpenter Freeway and approximately five miles east of Dallas Fort Worth International Airport. The subject property is located on the south side of Interstate Highway 635 just off N Belt Line Road and W John Carpenter Freeway. To the west: Whiskey Cake Kitchen & Bar, Taco Bell and Slim Chicken; To the south: The Dump Furniture Outlet and The Home Depot; To the east: Walk Ons and PINSTACK Las Colinas; To the south: thriving industrial park. Irving is a city in the Texas, in the las Colinas, an ideal master-planned urban center, within the Dallas-Fort Worth metropolitan statistical area. The investment opportunity is subject to a 20-year, triple net (NNN) with Mexican Sugar Holdings, LLC (“Tenant”). The lease commenced in 8/1/2020 and will be subject to three (3), five (5)-year tenant renewal options, bringing the total possible lease term to 35 years. The current rent is $371,250 and will increase by ten percent (10.0%) every five (5) years. The lease is corporately guaranteed by Whiskey Cake Holdings, LLC; the parent company behind Whiskey Cake (9), Sixty Vines (5), Ida Claire (3) and Mexican Sugar (2); four of the operators multiple thriving brands that identify as polished casual concepts.

FOR SALE DETAILS

PRICE

$6,187,500 USD

PRICE/SF

$714 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mexican Sugar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

143

LAND DETAILS

LAND ACRES

2.05 AC

LAND SF

89,298 SF

ZONING

Commercial

APN/PARCEL ID

325040000A2BR0000

ASK ABOUT THIS PROPERTY

Christopher UrbanSurmountMore Info
207-272-2425

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Christopher UrbanSurmountMore Info
207-272-2425

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