Retail

Velvet Taco - Dallas, TX

15104 Dallas Pkwy Dallas, Texas United States 75248-4604
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

Enter the "Deal room" for exclusive documents related to this property.

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2020
Building Area
Land Area

Property Description

JLL is pleased to offer for sale a newly constructed Velvet Taco restaurant, located in Dallas, Texas. Upon completion of construction in April 2020, Velvet Taco will occupy the property on a NNN ground lease structure with 20 years of primary term and a corporate guaranty. The property has an infill, high barrier-to-entry location at the hard corner of Belt Line Road and the Dallas North Tollway as on out-parcel to the newly renovated Tollway Place office tower.


Positioned within the heart of Addison’s dynamic retail and business corridor at main and main, the property benefits from excellent access and visibility to more than 255,000 vehicles per day. This offering presents the opportunity to acquire a newly constructed single-tenant retail property leased to an award winning restaurant on a long-term lease with an irreplaceable location within the highly-coveted Dallas market.

Investment Highlights

  • Brand new Velvet Taco operating on a 20-year NNN ground lease
  • Corporate guaranty along the Dallas North Tollway
  • 10% rental increases every 5 years
  • Zero landlord responsibilities
Last Updated Date: 22 Oct 2020
Caroline Binning
Caroline Binning
Director, Capital Markets
License details
TX - 601565
+351300505915
Interested in this property?
Please fill out the form below.

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.
Last Updated Date: 22 Oct 2020

Do you have any questions?  Visit our FAQ page

View FAQ Page

Trends & Insights

View More

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.

Learn more