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Wylie, TX - Wild Fork Foods
3010 E Farm to Market 544 | Wylie, TX 75098
$3,583,000
Price5.25%
Cap Rate$188,100
NOI4,500
± SF Offering GLA0.95
± AC Land AreaDescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, freestanding, Wild Fork Foods investment property located in Wylie, Texas (Dallas–Fort Worth MSA). The tenant, Food Ventures North America, LLC recently signed a brand new 15-year lease with 5 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with no landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. In addition, the subject property is located in an affluent, rapidly growing trade area with major retail and residential sites nearby. Wild Fork Foods, a specialty food retailer offering a wide range of high-quality meats, is owned and operated by JBS S.A., one of the largest food distributors in the world. With recent success, Wild Fork Foods plans to open more than 200 stores in the United States over the next 3 years.
Location
The site is strategically located near the signalized, hard corner intersection of E. Farm To Market 554 and Springwell Pkwy, combining a total of over 53,400 vehicles per day. The property is ideally situated within walking distance of Woodbridge Crossing, a 447,000+ SF shopping mall anchored by national/credit tenants including Target, TJ Maxx, Home Goods, and Kohl’s. Other nearby major tenants include Walmart Supercenter, Lowe’s, The Home Depot, Ross Dress for Less, Kroger, Hobby Lobby, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the location. Furthermore, the site is minutes from Collin College – Wylie Campus (7,500 students), further increasing consumer traffic to the property. The 5-mile trade area is supported by more than 184,000 residents and 44,000 employees, providing a direct consumer base from which to draw. Residents within 1 mile of the site boast an affluent average household income of $139,219.
Documents & Links
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 Offering Memorandum |  |  |
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215