Hanley Investment Group Real Estate Advisors closed the sale of three newly constructed single-tenant drive-thru properties in the Dallas-Fort Worth metro area. All three properties were developed and sold by Tradecor, a private developer with offices in Dallas, Phoenix and Tampa.
Hanley Investment Group’s Executive Vice Presidents Bill Asher and Jeff Lefko, in association with ParaSell Inc., represented the seller in the sale of a Son of a Butcher Drive-Thru and an adjacent Portillo’s Drive-Thru in Grapevine, Texas. Vice President Garrett Wood of Hanley Investment Group represented the buyer in the off-market acquisition of a Son of a Butcher drive-thru in Fort Worth, Texas.
Son of a Butcher Drive-Thru in Grapevine, Texas
Located at 480 W. State Highway 114, the 2,389-square-foot fast-casual restaurant features a new 15-year absolute triple-net ground lease. The property is part of a newly developed retail development that includes Portillo’s Drive-Thru, Firebirds Wood Fired Grill, Rock & Brews and Velvet Taco.
Portillo’s Drive-Thru in Grapevine, Texas
Located directly adjacent at 460 W. State Highway 114, the 6,250-square-foot restaurant features a new 10.5-year absolute triple-net ground lease. Both the Portillo’s and Son of a Butcher properties are positioned within Grapevine’s primary retail corridor, surrounded by high-performing national and regional tenants.
Son of a Butcher Drive-Thru in Fort Worth, Texas
Located at 9649 Sage Meadow Trail, the 2,247-square-foot fast-casual restaurant features a new 15-year absolute triple-net ground lease. The site is a hard-corner outparcel to Alliance Town Center, a 900-acre mixed-use destination anchored by corporate offices, hotels and national and regional retailers Chipotle, Firebirds Wood Fired Grill, First Watch, Original ChopShop, Panera Bread, P.F. Chang’s, and Whiskey Cake Kitchen & Bar.
