Broker of Record Kyle Matthews License No. 9005919 (TX) Matthews Retail Advisors 841 Apollo Street, Suite 150, El Segundo, CA 866 889 0550
Absolute NNN Lease with Increases
The tenant operates under an absolute NNN lease and pays for CAM, taxes, insurance, and maintenance, repairs, and replacement to the building.
There are scheduled 10% increases every 5 years helping to build and preserve equity and is a strong hedge against inflation.
The property is an ideal investment for a passive investor or out-of-state investor that is looking for a great lease in a great market.
Brand New Construction with Drive-Thru
The property will be completed in the spring of 2019 and is the newest prototype for Hat Creek Burger Company with state-of-the-art construction while still providing the family-friendly feel that customers have grown to love.
The building has a drive-thru and ±1,500 SF climate controlled patio with the option for full enclosure.
Little Elm, TX
Extremely wealthy northern suburb of Dallas; Average household income in the 1, 3, and 5-mile radius of ± $120,000.
Enormous population growth, the population has nearly doubled in the last decade with an estimated population of ±100,000 residents in the 3-mile radius and ±160,000 in the 5-mile radius.
Growth trends expected to continue by more 17% in the next 5 years for the 1, 3, and 5-mile radius.Little elm borders Frisco, TX, which is the fastest growing city in the United States.
The northern Dallas-Fort Worth corridor has been on and continues to be on a population tear driven by huge economic growth with 22 of the Fortune 500 companies based in DFW.
Kroger Out-Parcel in Ideal Market
Hat Creek sits in front of a 100,000 SF Kroger Marketplace, which was built in 2011.This particular Kroger store sells groceries, furniture, closing, and home goods.
Phenomenal demographics for Hat Creek Burger’s fresh, family-oriented concept.The market is filled with young families with kids that make money and likely prefer a fresh, fun hangout for their family.
Newer retail surrounds the area with multiple retail, medical, office, and residential development in the market.
There are ±25,000 vehicles per day along FM 423 and ±15,000 vehicles per day along Little Elm Pkwy, which helps connects east Little Elm and west Little Elm.
Proven Operator with Strong Guaranty
Hat Creek Burger Company has significant operating experience in the restaurant industry, ask agent for more details
The lease provides a personal guaranty and corporate guaranty by the tenant parent operating company
Stores are operated and ran by corporate allowing for higher profitability compared to franchisee stores with royalties.
Great Average Unit Store Sales and Growing Brand
Average store sales greatly exceed other quick-service restaurants including In-N-Out, Burger King, Chipotle, Starbucks, Jack in the Box, Wendy’s, and Taco Bell.
The concept is on fire with multiple new store openings throughout great markets in Texas with 15 stores open, another 10 scheduled to open in 2019, and preliminary plans for more in coming years
Hat Creek Burger Company picks ideal locations with high average household income in dense markets oriented concept.