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Mexican Sugar 3215 Regent Blvd 8,671 SF Retail Building Irving, TX 75063 $6,187,500 ($713.59/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- PICTURESQUE, TROPHY REAL ESTATE – OPTIMAL LEASE STRUCTURE
- 15 Years Remaining
- Unit Level Sales of Over $9.78M in Sales in 2024
- LOCATED IN THE CENTER OF NEW GROWTH
- Corporate Guarantee – 19 Units – Outstanding Sales Figures on Each
EXECUTIVE SUMMARY
NNN Pro Group is pleased to present the subject Mexican Sugar; a trophy restaurant property in the economic powerhouse of Central Texas within Dallas County, and more particularly located at 3215 Regent Boulevard in Irving, Texas. Built in 2020, the subject investment consists of a +/- 2.05-acre parcel situated at the confluence of Interstate Highway 635 and W John Carpenter Freeway and approximately five miles east of Dallas Fort Worth International Airport. The subject property is located on the south side of Interstate Highway 635 just off N Belt Line Road and W John Carpenter Freeway. To the west: Whiskey Cake Kitchen & Bar, Taco Bell and Slim Chicken; To the south: The Dump Furniture Outlet and The Home Depot; To the east: Walk Ons and PINSTACK Las Colinas; To the south: thriving industrial park. Irving is a city in the Texas, in the las Colinas, an ideal master-planned urban center, within the Dallas-Fort Worth metropolitan statistical area.
The investment opportunity is subject to a 20-year, triple net (NNN) with Mexican Sugar Holdings, LLC (“Tenant”). The lease commenced in 8/1/2020 and will be subject to three (3), five (5)-year tenant renewal options, bringing the total possible lease term to 35 years. The current rent is $371,250 and will increase by ten percent (10.0%) every five (5) years. The lease is corporately guaranteed by Whiskey Cake Holdings, LLC; the parent company behind Whiskey Cake (9), Sixty Vines (5), Ida Claire (3) and Mexican Sugar (2); four of the operators multiple thriving brands that identify as polished casual concepts.
The investment opportunity is subject to a 20-year, triple net (NNN) with Mexican Sugar Holdings, LLC (“Tenant”). The lease commenced in 8/1/2020 and will be subject to three (3), five (5)-year tenant renewal options, bringing the total possible lease term to 35 years. The current rent is $371,250 and will increase by ten percent (10.0%) every five (5) years. The lease is corporately guaranteed by Whiskey Cake Holdings, LLC; the parent company behind Whiskey Cake (9), Sixty Vines (5), Ida Claire (3) and Mexican Sugar (2); four of the operators multiple thriving brands that identify as polished casual concepts.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,671 SF
Building Class
B
Year Built
2020
Price
$6,187,500
Price Per SF
$713.59
Cap Rate
6%
NOI
$371,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.05 AC
Zoning
Commercial - Commercial
Parking
143 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
270’ on Regent Boulevard
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 325040000A2BR0000 | Improvements Assessment | $3,715,220 |
| Land Assessment | $2,059,780 | Total Assessment | $5,775,000 |
PROPERTY TAXES
Parcel Number
325040000A2BR0000
Land Assessment
$2,059,780
Improvements Assessment
$3,715,220
Total Assessment
$5,775,000
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Mexican Sugar | 3215 Regent Blvd
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