90Ten Sells 5,672-SF First Watch Restaurant In Dallas For $5.66M With SRS Real Estate Partners

The asset involved in this transaction is a newly renovated 5,672 square foot First Watch restaurant located at 5353 Belt Line Road in Addison, TX. The property sits on 1.1 acres and was sold for $5,660,000, resulting in a price per square foot of $998. The sale achieved a cap rate of 5.5% and is situated in the Dallas market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,660,000
• Address: 5353 Belt Line Road
• Market: Dallas
• Asset Size: 5,672 square feet
• Price per Square Foot: $998
• Cap Rate: 5.5%
• Seller: 90Ten
• Brokers: Matthew Mousavi & Patrick Luther - SRS Real Estate Partners

Matthew Mousavi and Patrick Luther from SRS Real Estate Partners represented the seller, 90Ten, in this transaction. The buyer, an investor from New Mexico, acquired the property as part of a 1031 exchange, supported by a new 12-year corporate-guaranteed lease.