CAP Rate: 5.78%
Annual Rent: $308,566
Percentage Rent: $48,300
Total Rent: $356,866
Lot Size: 3.60 AC
The Kase Group is pleased to offer the opportunity to acquire the 100% fee simple interest in an absolute NNN P.F. Chang’s restaurant. The tenant has a new 10-year lease that commenced in June, 2017 The 100% fee simple interest in the underlying land and building is being offered. The tenant has one 5 year options to renew.
Dallas is a major city in the U.S. state of Texas. It is the most populous city in the Dallas–Fort Worth metroplex, the fourth most populous metropolitan area in the United States. The city’s population ranks ninth in the U.S. and third in Texas after Houston and San Antonio. The city’s prominence arose from its historical importance as a center for the oil and cotton industries, and its position along numerous railroad lines. The bulk of the city is in Dallas County, of which it is the county seat; however, sections of the city are located in Collin, Denton,a Kaufman, and Rockwall counties.
According to the 2010 United States Census, the city had a population of 1,197,816. The United States Census Bureau’s estimate for the city’s population increased to 1,317,929 as
of July 1, 2016.