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3820 W Northwest Hwy
Dallas, TX 75220
Chick-fil-A Ground Lease · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • 15-Year Absolute Net Lease; More Than 8 Years Remaining
  • Nine 5-Year Options
  • Well-positioned real estate in dominant retail corridor
  • 10% Rent Rncreases Every 5 years
  • Combined Traffic Counts of 72,895

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
4,403 SF
Building Class
B
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.22 AC
Zoning
Z149

ABOUT 3820 W NORTHWEST HWY , DALLAS, TX 75220

This freestanding, approximately ±4,403 square foot, Chick-fil-A restaurant is situated on ±53,272 square feet of land and has over eight years remaining on the initial term of the lease. The site is located at the SEQ of Northwest Highway (Loop 12) and Lemmon Avenue in the upscale neighborhood of Bluffview, situated in the inner core of Dallas, Texas. The site has exposure to a combined traffic count of approximately 72,895 cars per day along Northwest Highway and Lemmon Avenue and is in close proximity to Dallas Love Field Airport, Preston Center (over 3,000,000 square feet of office buildings), and the most exclusive neighborhoods in the City of Dallas. The DFW Metroplex is the largest metropolitan area in Texas, the largest in the South, and fourth largest in the U.S. with a population of 7,573,136 according to the 2019 U.S. Census official estimate. In 2017, DFW lead the nation in population growth adding 146,000 new residents to its population. Overall, DFW is the 20th largest metro economy in the world and has a gross metro product exceeding $300 billion. The City of Dallas is the main core of the metropolitan area and has a diverse economy with dominant sectors including defense, financial services, information technology, telecommunications, and transportation. Low taxes, a low-cost of doing business, and a business-friendly environment continue to drive new job growth and attract new residents to the city. This Chick-fil-A benefits from a dense three-mile population of over 101,000 people with an average household income of over $148,000 per year. The site is situated adjacent to Dallas Love Field which serves as the front door to Dallas for 16 million passengers a year and is home to Southwest Airlines’ corporate headquarters, providing a vital link in the economy for the region. The junction of Northwest Highway, Lemmon Avenue, and Marsh Lane enjoys strong retail synergy with Target, Walmart, and Sam’s Club all having locations at this intersection. A thriving retail corridor with a dense population in a three-mile radius along with excellent exposure to strong traffic counts and close proximity to both residential and daytime populations make this Chick-fil-A an above-average performer in the company’s chain of over 2,200 locations.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
005089000A03A0000
Land Assessment
$1,331,850
Improvements Assessment
$297,520
Total Assessment
$1,629,370
  • Listing ID: 14885627

  • Date on Market: 1/16/2019

  • Last Updated:

  • Address: 3820 W Northwest Hwy, Dallas, TX 75220

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