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JLL is pleased to offer for sale a newly constructed Velvet Taco restaurant, located in Dallas, Texas. Upon completion of construction in April 2020, Velvet Taco will occupy the property on a NNN ground lease structure with 20 years of primary term and a corporate guaranty. The property has an infill, high barrier-to-entry location at the hard corner of Belt Line Road and the Dallas North Tollway as on out-parcel to the newly renovated Tollway Place office tower.
Positioned within the heart of Addison’s dynamic retail and business corridor at main and main, the property benefits from excellent access and visibility to more than 255,000 vehicles per day. This offering presents the opportunity to acquire a newly constructed single-tenant retail property leased to an award winning restaurant on a long-term lease with an irreplaceable location within the highly-coveted Dallas market.
- Brand new Velvet Taco operating on a 20-year NNN ground lease
- Corporate guaranty along the Dallas North Tollway
- 10% rental increases every 5 years
- Zero landlord responsibilities