Restaurant / Sushi Bar Operator NNN Property For Sale — Addison, TX · 9,496 SF
Addison, TX 75001
Prime single-tenant sale-leaseback opportunity featuring a 9,496-square-foot freestanding restaurant on a 2.085-acre parcel in the heart of Addison's renowned Restaurant Row. The property features a proposed five-year initial term absolute NNN lease with zero landlord management responsibilities, encompassing tenant responsibility for taxes, insurance, maintenance, roof, and structure. The lease features 2.5% annual rental escalations, two 5-year renewal options, and dual guaranty from both the operating entity and the individual principal. Base rent commences at $31.00/SF ($294,376 annually). Operating at this address since 2018, the tenant has invested over $500,000 into extensive interior capital improvements, including commercial kitchen upgrades, a custom sushi bar, and dining facili…
- Address: Addison, TX 75001
- Asking price $4.53M
- 6.50% cap rate
- NOI $294,376
- 5 years remaining
- NNN lease
- Building size: 9,496 SF
- Lot size: 2.08 acres
- Rent increases: 2.5% annual rent escalations
- Guarantor: Corporate
Location
This Restaurant / Sushi Bar Operator property is in Addison, Texas.
Asset type: Restaurant