Retail Investment at 114 Us Route 80 NNN Lease
FOR SALE
$2,900,000
114 Us Route 80, Mesquite, TX 75149
5,070 SF
Square Feet
$572
PPSF
5.28%
CAP
Property Description
NOI
$153,065
Cap Rate
5.28%
- Denny’s Location Secured by a Long-Term NNN Lease in Growing Area with Three-Mile Population of Over 80,000 Residents
- US-80 Frontage Road with over 16,589 VPD and Belt Line Rd with over 25,000 VPD
- Five Additional Five-Year Renewal Options with 10 Percent Rent Increases
- Mesquite Championship Rodeo Draws Thousands of Visitors Annually, Boosting Local Businesses and Tourism
- City Secured $1.11 Billion in Economic Development Deals in 2023, Creating Over 2,800 New Jobs
- Walmart Supercenter Receives 3.3 Million Visits Annually Ranked Top 4 Percent Per Placer.ai | McDonald's Receives 891K Visits Annually Ranked Top 4 Percent Nationwide Per Placer.ai
- Arby's Ranked Top 3 Percent in Texas Per Placer.ai | Tractor Supply Ranked #2 of 25 within a 50-Mile Radius Per Placer.ai
Property Details
Asset Type
Retail
Lot Size
1 SF
Neighborhood
Dallas
Submarket
Mesquite
ZIP
75149
Listing Type
sale
30 years
10 years
Net Operating Income (NOI)
$242,838
Debt Service Coverage Ratio (DSCR)
1.47x
Cap Rate
8.37%
Cash Flow (Annual)
$77,868
Cash-on-Cash Return
10.74%
Monthly Debt Service
$13,747
Annual Debt Service
$164,970
View on Map
Address
114 Us Route 80
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