Duncanville, TX - Vacant Former Restaurant

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding restaurant property located in Duncanville, Texas (Dallas MSA). The property is currently leased to Red Lobster paying rent through December 2026, at which point the tenant will vacate the premises. The property consists of a 8,356 SF building on 2.21 acres and is zoned General Office And Retail District: GOR, providing a wide range of office, professional, commercial, and retail uses. The site presents an excellent lease-up or redevelopment opportunity in a highly desirable retail corridor with direct access to major residential communities, strong national and credit tenants, schools, and key commuter routes. The Olive Garden adjacent to this property has a strong ranking on Placer.ai, placing it in the 71st percentile across all stores nationwide and 68th percentile in Texas specificly, a strong indication for this property’s potential with the right tenant.

The restaurant is strategically located along North Cockrell Hill Road, a primary commercial corridor serving the Duncanville trade area that carries approximately 21,800 vehicles per day. The site is situated right off of Interstate 20, one of the Dallas-Fort Worth Metroplex’s major east-west transportation arteries, which carries more than 191,100 vehicles per day and provides exceptional regional accessibility and consumer exposure. Additionally, the asset is located a few miles west of Wheatland Towne Crossing, a 361,000 square foot power center, which is anchored by Target, Ross Dress for Less, EOS Fitness, and more. Furthermore, the property is positioned within one of the area’s dominant retail corridors and benefits from immediate proximity to major national retailers including Walmart Supercenter, Sam’s Club, Lowe’s, The Home Depot, PetSmart, Burlington, Five Below, Office Depot, and numerous restaurant operators. Moreover, the former restaurant is surrounded by a dense concentration of national and regional retailers, service providers, and hospitality uses that generate consistent daily consumer traffic. Located approximately 12 miles southwest of Downtown Dallas, the site also benefits from access to one of the nation’s largest metropolitan economies. The 5-mile trade area is supported by a population of over 237,100 residents with an average household income of $85,079.

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