3802 Lakeview Pky - Freestanding FOR SALE


Rowlett, TX 75088- Downtown Rowlett
$2,261,000 USD
214-675-3665
3802 Lakeview Pky, Rowlett, TX for Sale
$2,261,000 USD
Freestanding - FOR SALE
1/4
null | 5.75% Cap Rate

3802 Lakeview Pky
Rowlett, TX 75088
Downtown Rowlett


HIGHLIGHTS

  • With ~$3 billion raised, a valuation of $9 Billion on Series D funding last month, and investors including Accel, Google Ventures, NEA, Amex Ventures
  • Providing secure long-term cash flow with two (2) five-year renewal options with contractual 10% rent increases every 5 years.
  • With approximately 130 existing locations, an aggressive rollout strategy, and plans for more than 100 Texas locations
  • Strengthened by the acquisition of Grubhub, creating an end-to-end mealtime ecosystem that combines restaurant operations and nationwide delivery

OVERVIEW

DUWEST Investment Sales is pleased to exclusively present the opportunity to acquire a single-tenant, Absolute Net leased investment occupied by Wonder (HDR Holdings LLC), one of the nation's fastest-growing food technology companies. Wonder is changing the game by vertically integrating production, marketing and food delivery logistics, thus cutting out all the margins that hinder their competitors. The Property is secured by a brand-new 10-year lease with scheduled rental increases offers investors stable, passive cash flow through a true NNN lease structure. The offering combines long-term income security with a compelling opportunity to invest alongside an innovative brand that is rapidly transforming the food delivery and fast-casual dining industries. Founded by serial entrepreneur Marc Lore, Wonder has quickly emerged as one of the most disruptive concepts in the restaurant industry by integrating proprietary technology, multi-brand restaurant operations, and a nationwide delivery platform into a single vertically integrated business. Following the acquisition of Grubhub and about $3 billion of institutional capital raised, Wonder has achieved a valuation of $9 billion and is aggressively expanding across the United States with plans to open hundreds of additional locations and pursue an initial public offering. The Rowlett location represents one of Wonder's first Texas locations, positioning investors at the forefront of the company's highly anticipated expansion into one of the country's strongest retail markets. Strategically positioned along Lakeview Parkway (42,363 VPD) in Rowlett, the Property benefits from exceptional visibility within one of Dallas-Fort Worth's fastest-growing suburban communities. More than 220,000 residents live within a five-mile radius, supported by affluent household incomes exceeding $140,000 within 3 miles, above-average consumer spending, and continued residential growth. The surrounding trade area is characterized by strong demographics, significant spending on dining away from home, and a dominant family-oriented consumer base that aligns exceptionally well with Wonder's multi-concept dining platform. As population, household incomes, and commercial investment continue to accelerate throughout the eastern Dallas Metroplex, the Property is well positioned to benefit from sustained long-term demand. This offering presents investors with a rare combination of institutional-quality passive income, contractual rent growth, and exposure to one of the restaurant industry's most compelling growth stories. Supported by a long-term lease, inflation-protected rental increases, strong market fundamentals, and a tenant with significant financial backing and national expansion plans, the Property offers an exceptional opportunity to acquire a next-generation net leased asset in one of the country's most dynamic metropolitan markets.

FOR SALE DETAILS

PRICE

$2,261,000 USD

PRICE/SF

$641 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wonder

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

-

APN/PARCEL ID

440077001B0010000

ASK ABOUT THIS PROPERTY

Will WaltersDUWESTMore Info
214-675-3665

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Will WaltersDUWESTMore Info
214-675-3665

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