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Chili's NEC I-30 & Erby Campbell Blvd 5,161 SF Retail Building Royse City, TX 75189 $2,913,000 ($564.43/SF) 4% Cap Rate
INVESTMENT HIGHLIGHTS
- New, 10-Year Ground Lease | Options To Extend | Scheduled Rental Increase
- Near Walmart Anchored Center | Interstate 30 (73,500 VPD) | Dense Retail Corridor
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• Chili’s Bar & Grill corporate signed lease
• 10 years remaining with 4 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option
• 10 years remaining with 4 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,161 SF
Year Built
2026
Construction Status
Under Construction
Price
$2,913,000
Price Per SF
$564.43
Cap Rate
4%
NOI
$116,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.34 AC
Zoning
C2 - Commercial General
Parking
105 Spaces (20.34 Spaces per 1,000 SF Leased)
AMENITIES
- Freeway Visibility
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 93785 | Improvements Assessment | $0 |
| Land Assessment | $929,233 | Total Assessment | $929,233 |
PROPERTY TAXES
Parcel Number
93785
Land Assessment
$929,233
Improvements Assessment
$0
Total Assessment
$929,233
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Chili's | NEC I-30 & Erby Campbell Blvd
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