- The tenant recently has approximately 10+ years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site
- The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
Investment Offering
Flower Mound, TX - Dairy Queen
1909 Justin Rd | Flower Mound, TX 75028
$2,904,000
Price5.5%
Cap Rate3,872 SF
± SF Building SizeDescription
Location
- The subject property is strategically located at the signalized, hard-corner intersection of Highland Village Rd and Justin Rd, which averages a combined 41,900 vehicles passing by daily
- The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Whole Foods, Target, Lowe’s Home Improvement, Academy Sports & Outdoors, TJ Maxx, LA Fitness, Planet Fitness, and more
- Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
Documents & Links
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Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]
Patrick Luther
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]