404 Westchase Dr - Fast Food FOR SALE


Grand Prairie, TX 75052
$2,520,000 USD
214-560-6900
404 Westchase Dr, Grand Prairie, TX for Sale
$2,520,000 USD
Fast Food - FOR SALE
1/6
null | 5% Cap Rate

404 Westchase Dr
Grand Prairie, TX 75052


HIGHLIGHTS

  • Brand New 15-Year Lease | Annual Rental Increases | Options To Extend | Corporate Signed | Strong Tenant Investment
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Interstate 20 (193,100 VPD) | Excellent Visibility |Significant Street Frontage | Large Pylon Sign
  • Across From 107,000+ SF Shopping Center | 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, Bojangles investment property located in Grand Prairie, Texas. The tenant, Bojangles Opco, LLC, recently signed a brand new 15-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and option periods, 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. The tenant invested over $1.5 million into recent capex and remodel of the property. The property is scheduled to open March 2026.

FOR SALE DETAILS

PRICE

$2,520,000 USD

PRICE/SF

$825 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Bojangles

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

PD

APN/PARCEL ID

280216600A0030000

ASK ABOUT THIS PROPERTY

Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

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Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

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