Cap Rate: 4.25%
Net Operating Income: $88,000
Square Footage: 3,200
Year Built: 2021
Market: Dallas/Fort Worth
The subject property is a 3,200 square foot Burger King located in the Midlothian, TX (Dallas/Fort Worth). The brand new construction site is operating on a new 20 year lease with 10% increases every 5 years. This is an absolute NNN lease with zero landlord responsibilities. The site is ideally positioned in a major commercial thoroughfare and neighboring retailers include: ALDI, Wendy’s, Kroger, Chick-fil-A, Ulta Beauty, Ross, and many others.
Midlothian is a city in northwest Ellis County, Texas, United States. The city is 25 miles (40 km) southwest of Dallas. It is the hub for the cement industry in North Texas, as it is the home to three separate cement production facilities, as well as a steel mill. The population of Midlothian grew by 121% between 2000 and 2010, to a population of 18,037.
Midlothian is located at the junction of U.S. Highway 67 and U.S. Highway 287. The city’s location provides easy access to an important ground transportation network consisting of interstate highways, U.S. highways, and state highways that connects Dallas, Fort Worth, the rest of the Metroplex, and the state.