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Secure Net Lease Brokers $5M Sale Of Grand Prairie Retail Building Triple-Net-Leased To Shake Shack

Property Image
SOLD
$5,000,000
Matthew Scow
SH

Texas

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Retail3,380 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Secure Net Lease Brokers $5M Sale Of Grand Prairie Retail Building Triple-Net-Leased To Shake Shack

1550 Mayfield Road

See Similar Deals
Retail3,380 SF
Sold
Matthew Scow
SH
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$1479
Total Square Footage:3380 SF
Transaction Type:Sale

An undisclosed seller has brokered the sale of a 3,380-square-foot retail building located at 1550 Mayfield Road in Grand Prairie, Texas. The property, triple-net-leased to Shake Shack, was sold for $5 million. Matthew Scow of Secure Net Lease represented the seller, while Sandi Hunter of Retail Link Associates represented the buyer in the transaction, who utilized a 1031 exchange.

Summary of transaction details:

In this $5 million deal, an undisclosed seller sold a 3,380-square-foot retail building in Grand Prairie, Texas. The property was triple-net-leased to Shake Shack. Matthew Scow of Secure Net Lease represented the seller in the transaction, while Sandi Hunter of Retail Link Associates represented the buyer, who utilized a 1031 exchange.

Players

Matthew Scow
Secure Net Lease
Matthew Scow
2 deals$11.3M volume(214) 915-8888
BROKER
SH
Retail Link Associates
Sandi Hunter
1 deal$5M volume
BROKER

Details

SOLD
IMAGE: Matthew Scow DATE: 01/05/2024 ADDRESS: 1550 Mayfield Road MARKET: Grand Prairie ASSET TYPE: Retail ~ SF: 3,380 BUYER'S REP: Sandi Hunter - Retail Link Associates SELLER'S REP: Matthew Scow - Secure Net Lease SALE PRICE: $5,000,000 SF: 3,380 ~ PPSF: $1,479 NOTE: Secure Net Lease brokered the $5 million sale of a 3,380-square-foot retail building in Grand Prairie, Texas, triple-net-leased to Shake Shack. The undisclosed seller was represented by Matthew Scow, and the buyer, utilizing a 1031 exchange, was represented by Sandi Hunter of Retail Link Associates.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61