Hwy 55 Burger, Shakes & Fries Ennis,Texas

$2,808,000
Available
Property type:Single-Tenant Net Lease

The space

  • Price: $2,808,000
  • Cap Rate: 6.00%
  • Rentable Square Feet: 2,949
  • Price PSF: $952.19
  • Year Built: 2021
  • Lease Type: NNN
  • Lease Guarantor: Corporate
  • Lease Term: 20 Years
  • Rent Increases: 10% Every 5 Years
  • Lease Expiration: 5/31/2041 est

Description

391 N. Sonoma Trail
Ennis, TX 75119

Videos

Company Story with Founder Kenney Moore: Click Here

Covid-19 Performance Update from Owner: Click Here

About Andy’s Foundation Hwy 55 Cares: Click Here

Investment Highlights

  • Brand New Location, Recently Opened
  • Extremely Attractive Architectural Design that Includes a Drive-Thru
  • New, 20-Year, Triple Net (NNN) Lease with Corporate Guarantee
  • Three, Five-Year Tenant Renewal Options
  • 10 Percent Rent Increases Every Five Years Through Base Term and Options
  • Part of the Dallas-Fort Worth Metro Area; 35 Miles from Dallas and 57 Miles from Fort Worth

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant HWY 55 Burgers, Shakes & Fries in the Dallas suburb of Ennis, Texas. This is a brand-new location that was just built and recently opened. This Hwy 55 offers a new, 20-year, triple net lease with three, five-year tenant renewal options and 10 percent rent increases every five years. 

Hwy 55 was founded in 1991 and currently operates 130+ locations across 13 states and is still run by its original founder.

The Subject Property is within walking distance to downtown Ennis and is in the heart of a busy retail area off Ennis Avenue. Surrounding national brands include Walmart Supercenter, Planet Fitness, Hibbett Sports, Tractor Supply Company, Dollar Tree, Holiday Inn Express & Suites, Days Inn by Wyndham, Comfort Suites, La Quinta Inn & Suites, Aaron’s, Walgreens, Taco Bell, Chili’s Grill & Bar, Chick-fil-A, McDonald’s, Verizon, Bank of America and many more. The area has strong demographics with an average household income of $68,900 within three miles, and over $72,200 in five miles.

Ennis is part of the Dallas-Fort Worth Metro Area, which is the fourth-most populous metro in the nation with a total population of nearly 7.5 million residents – 1.3 million in Dallas alone. The Subject Property is 35 miles from Dallas and 57 miles from Fort Worth.


Tim Speck

Broker of Record

Lic. # 9002994

(972) 755-5250

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