Available for Sale
SCHLOTZSKY'S, GRAND PRAIRIE, TX
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SLJ Company, LLC
(214) 520-8818 ext. 4
Lot Size: 37,949 SF
Property Type: Retail
Cap Rate: 5.75%
Building Size: 2,722 SF
Property Sub-Type: QSR
10+ Years of Lease Term Remaining
Absolute NNN Lease
Over 20 Year Operational History
Dense Essential Retail Corridor
Impressive Population Growth
SLJ Company, LLC (SLJ) has been exclusively retained to offer to qualified investors the opportunity to acquire a 100% fee-simple interest in Schlotzsky’s located at 2519 E Interstate 20, a ±2,722 square foot quick-service restaurant with drive-thru in Grand Prairie, Texas (the “Property”). Positioned on the Interstate 20 Frontage Road just east of South Great Southwest Parkway, the Property is ideally located in a dense retail corridor with high visibility, excellent access and tremendous exposure to ±200,000 vehicles per day passing directly in front of the site.
Built in 1997, the Property has been operating as a Schlotzsky’s restaurant for over 20 years. The Tenant, Schlotzsky’s Texas Stores, LLC, is a Schlotzsky’s corporate entity and recently renewed their Lease for an additional 10 years further demonstrating the Tenant’s commitment to the site. The Lease is absolute triple net with zero Landlord responsibility. There are over 10 years remaining on the Lease term which has a 7.5% rent increase in 2025 and expires year-end 2030.
The Property is strategically positioned in the heart of the Dallas-Fort Worth market in close proximity to some of Grand Prairie’s major traffic drivers like Grand Prairie Premium Outlets, EpicCentral and Trader’s Village. The Property enjoys highway visibility and exposure to the nearly 200,000 vehicles per day on Interstate 20. The Property benefits from its position as an outparcel to a grocery-anchored shopping center that is home to Kroger, Office Depot and T-Mobile, among others. Other retailers located in the immediate vicinity along the Interstate 20 commercial corridor include Sam’s Club, Walmart, Petsmart, ALDI, Walgreen’s and Applebee’s, just to name a few.
Grand Prairie is a premier Dallas-Fort Worth suburb that offers diverse job opportunities, strong demographics and population growth. There are numerous new developments happening in Grand Prairie including high-end residential, multifamily, industrial and distribution centers plus restaurant and retail projects. Overall, Schlotzsky’s offers an investor a high-quality, stable, income-producing asset ideally positioned in an attractive Dallas-Fort Worth submarket.