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- LoopNet Team
1851 Central Expy N
Allen, TX 75013
Lazy Dog · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Restaurant
ABOUT 1851 CENTRAL EXPY N , ALLEN, TX 75013
Capital Pacific is pleased to present the opportunity to acquire Lazy Dog Restaurant & Bar in Allen, Texas. The property is new construction and features a new 20-year corporate absolute NNN lease. Additionally, the lease includes 10% rent bumps every 5 years with four 5-year options to extend the lease thereafter. Lazy Dog Restaurant & Bar is one of the highest volume restaurant chains in the United States. They have 30+ locations around the country with revenues above $200 million per year. The subject property is located along N. Central Expressway, a busy access road adjacent to State Highway 75 which features daily traffic volumes of 160,420 VPD. The property benefits from excellent street and highway frontage, complemented by its high-visibility signage. Allen, TX is an affluent suburb of Dallas, boasting average household incomes above $122,000. The property benefits from strong neighboring retail anchors, including Whole Foods, Topgolf, Target, Cabela’s, Walmart, and the regionally-drawing Fairview Town Center Mall (regional mall).
PROPERTY TAXES
| Parcel Number | R-11594-00A-008R-1 | Improvements Assessment | $2,883,102 |
| Land Assessment | $1,963,859 | Total Assessment | $4,846,961 |
PROPERTY TAXES
