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Dave's Hot Chicken
4908 South Cooper Street, Arlington, TX 76017
$3,200,000
Cap Rate 5.25%
Summary
| Price $3,200,000 | Built/Renov 2022 | Tenant Dave's Hot Chicken |
| Cap Rate 5.25% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
3,072
| Lease Start
11-01-2023
| #Units
1
|
| Price/SF $1,041.67 | Expiration
10-31-2038
| Tenant Type Fast Food/QSR |
| NOI $168,000 | R. Term 14.10 | Ownership Fee Simple |
| Rent/SF
$54.69
| Increases 10.0%/5/yrs | Pop 5Mi 326,314 |
| Lot/AC 0.59 | Options 4/5yrs/10% | AHHI 5Mi $74,681 |
| | |
Lease Highlights
- New 2022 construction
- Dave’s Hot Chicken to sign a brand-new 15-year lease with 4 (5-year) options to extend at close of escrow
- Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Franchisee guaranteed lease
Location Description
This 3,072 square foot Dave’s Hot Chicken is strategically located along South Cooper Street with access to 60,039 vehicles per day. The site is within close proximity to the on/off ramp of Interstate 20 Freeway (186,959 VPD) further increasing consumer traffic to the area. The tenant is adjacent to a Walmart Supercenter as well as Cooper Street Plaza, a shopping center anchored by The Home...
...Features
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New construction
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High traffic 50M+ VPD
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Major thoroughfare
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Dense retail corridor
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Top 100 MSA
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Income tax free state
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Long 15+ yr lease
-
Absolute NNN
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Personal guarantee
...
Maps
Tenant
- Tenant: Dave's Hot Chicken
- Guarantor:Franchisee
- Company:Franchisee
- # Units:1
- Stock:Private
About Tenant
Dave’s Hot Chicken is an American fast casual restaurant chain specializing in Nashville-style hot chicken. Arman Oganesyan and best friend Chef Dave Kopushyan, along with brothers Tommy and Gary...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 11,221 | 113,972 | 330,568 |
| 2023 Total Population : | 10,550 | 112,402 | 327,369 |
| 2023 Employed Civilian Pop : | 5,860 | 60,504 | 167,807 |
| 2023 Total Businesses : | 745 | 4,184 | 9,924 |
| 2023 Average Household Income : | $ 112,315 | $ 104,362 | $ 99,033 |
| 2023 Total Consumer Spending : | $ 370 M | $ 3561 M | $ 9726 M |
| 2023 Median Age : | 38 | 36 | 35 |
| 2023 Total Households : | 3,854 | 39,628 | 113,594 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,075 | 19,511 | 50,716 |
| 2023 Average Home Value : | $ 285,342 | $ 298,230 | $ 297,329 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| S Cooper St | W Bardin Rd | 2012 | 50,646 | 0.19 mi |
| Wimbledon Dr | S Cooper St | 2009 | 3,050 | 0.25 mi |
| W Bardin Rd | S Cooper St | 2009 | 12,040 | 0.26 mi |
| W Bardin Rd | Mansfield Rd | 2000 | 13,207 | 0.27 mi |
| W Bardin Rd | S Cooper St | 2004 | 1,810 | 0.28 mi |
| Mansfield Rd | Wimbledon Oaks Ln | 2009 | 4,520 | 0.30 mi |
| W Bardin Rd | Americana | 2004 | 12,820 | 0.31 mi |
| S Cooper St | Deuce Dr | 2000 | 44,429 | 0.35 mi |
| American Dr | 2021 | 53,958 | 0.38 mi | |
| Wimbledon Dr | Wimbledon Ct | 2012 | 2,050 | 0.42 mi |
