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Updated: 03.26.24 Posted: 11.07.23 Status: Sold

Summary

Price $4,357,000
Built/Renov 2017
Tenant Hat Creek Burger Company
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,227
Lease Start 03-01-2020
#Units 27
Price/SF $1,030.75
Expiration 03-01-2040
Tenant Type Fast Food/QSR
NOI $261,420
R. Term 14.10
Ownership Fee Simple
Rent/SF $61.85
Increases 1.5%/1/yrs
Pop 5Mi 310,762
Lot/AC 1.39
Options 4/5yrs/1.5%
AHHI 5Mi $171,534

Lease Highlights

  • Hat Creek Burger Company has 16+ years of firm term remaining with 4 (5-year) options to extend
  • The lease features annual 1.5% rental increases throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • The lease is guaranteed by the corporate entity

Location Description

Hat Creek Burger Company is strategically located along Custer Road, with clear visibility and access to 29,300 vehicles passing by daily. Custer Road is a major commuter route that conveniently connects to major highways and interstates, providing direct access to Downtown Dallas/Ft. Worth and connecting the MSA. The property is ideally situated within a dense retail corridor and is within...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Hat Creek Burger Company operates a chain of quick-service burger restaurants throughout Texas. Their restaurants are focused on a family-friendly atmosphere with large children’s play areas and...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 15,824 151,254 334,003
2023 Total Population : 14,864 140,324 310,762
2023 Employed Civilian Pop : 7,284 71,549 162,870
2023 Total Businesses : 435 2,659 6,268
2023 Average Household Income : $ 184,020 $ 167,494 $ 171,534
2023 Total Consumer Spending : $ 716 M $ 6597 M $ 15136 M
2023 Median Age : 33 34 35
2023 Total Households : 4,639 46,651 104,446
2023 Pop Age 25+: Bachelor's Degree : 3,600 36,015 79,272
2023 Average Home Value : $ 503,858 $ 496,160 $ 497,962
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Custer Rd Stone Creek Ln 2012 13,741 0.07 mi
Stonebridge Dr Lakota Trl 2011 11,662 0.19 mi
Eldorado Pkwy Half Hitch Trl 2011 12,184 0.30 mi
Custer Trl Custer Rd 2009 290 0.46 mi
Custer Rd Custer Trl 2011 29,310 0.48 mi
Custer Rd Fountain View Dr 2012 15,153 0.51 mi
Eldorado Parkway Orion Dr 2020 17,023 0.51 mi
Eldorado Parkway S Custer Rd 2021 18,044 0.51 mi
Big Horn Trl Barton Cir 2009 510 0.58 mi
Stonebridge Dr Plainfield Dr 2011 11,363 0.73 mi

Listing Broker

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