This property is Off-Market

3845 South Carrier Parkway
Grand Prairie, TX 75052 ·

3,130 SF · Retail For Sale

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WHATABURGER Grand Prairie TX

Price N/A No. Stories 1
Building Size 3,130 SF Tenancy Single
Property Type Retail Property on Ground Lease? Yes
Property Sub-type
Restaurant
More...
  • Retail-Pad (land)
  • Free Standing Bldg
  • Retail Pad
Year Built 1999
Property Use Type Investment Lot Size 32,900 SF
Cap Rate 5.99%
Listing ID: 15030750 Date Created: 03/06/2007 Last Updated: 12/22/2015

Description

32,900 sqft pad site Ground Leased to Whataburger (parent company lease). Building area is approx. 3,130 sqft. Improvements were built at Whataburgr's cost and expense. Built in 1999. 15-year primary lease term, plus three 5-year renewal options. Current rent is $56,250 per year, plus percentage rent. Rent increases every 5 years. The lease is absolute net.

Located at the northeast quadrant of Interstate Highway 20 and Carrier Parkway in Grand Prairie, TX. Grand Prairie is located halfway between Dallas and Fort Worth. The property sits in front of Kohl's Department Store, and across the street from Target and Home Depot.

Research

3845 South Carrier Parkway, Grand Prairie, TX 75052 (Dallas County)

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