Historical Retail Sale Listing - WHATABURGER Grand Prairie TX

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WHATABURGER Grand Prairie TX

3845 South Carrier Parkway, Grand Prairie, TX 75052

N/A

3,130 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
3,130 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Additional Sub-types:
Retail-Pad (land)
Free Standing Bldg
Retail Pad
Property Use Type:
Investment
Cap Rate:
5.99%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Property on Ground Lease?:
Yes
Year Built:
1999
Lot Size:
32,900 SF
Listing ID
15030750
Last Updated
over 1 year ago

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.

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

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Created 3/6/2007