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Second Generation RestaurantAddison, TX
FOR SALE / LEASE
TYLER [email protected]
DANIEL [email protected]
Park
Belt Line Rd
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Arapaho RdArapaho Rd
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TYLER ISBELLVice President214.560.3145
DANIEL POKUSenior Associate
For more information about this property, please contact:
Second Generation Restaurant15207 ADDISON ROAD | ADDISON, TX 75001
2
PROPERTY NAME HERE
Property Details
• Freestanding, second generation restaurant building located on Addison Road between Arapaho Road and Beltline Road, near Addison Airport.
• Nearby retailers include various hotels (Hyatt House, SpringHill Suites, Hawthorne Suites, KM Dallas) and restaurants (Texas de Brazil, Outback Steakhouse, Pei Wei, BJ’s Restaurant & Brewhouse, Taco Diner, Snap Kitchen, Potbelly Sandwhich Shop and TGI Fridays.)
Executive SummarySECOND GENERATION RESTAURANT
LEASE RATE Call for Rates
SALE PRICE Call for Price
LOT SIZE 1.49 Acres
BUILDING SIZE 8,332 SF
ADDRESS 15207 Addison RoadAddison, TX 75001
MAJOR CROSSROADS Beltline Road & Inwood RoadBeltline Road & Arapaho Road
TRAFFIC COUNTSBeltline Road: 39,551 AADTDallas North Tollway: 136,594 AADT
SHOPS AT TUSCANO | AN EXCLUSIVE SRS OFFERING MEMORANDUM
SHOPS AT TUSCANO | AN EXCLUSIVE SRS OFFERING MEMORANDUM
1 mile 3 miles 5 milesPopulation
2000 Population 5,216 113,567 342,8902010 Population 7,743 119,609 347,3432017 Population 9,518 131,611 378,3112022 Population 10,486 140,844 404,6852000-2010 Annual Rate 4.03% 0.52% 0.13%2010-2017 Annual Rate 2.89% 1.33% 1.18%2017-2022 Annual Rate 1.96% 1.37% 1.36%2017 Male Population 50.9% 49.2% 49.6%2017 Female Population 49.1% 50.8% 50.4%2017 Median Age 32.5 36.6 35.8
Households2000 Households 3,267 55,139 147,0752010 Households 4,352 57,423 149,0992017 Total Households 5,130 62,327 160,7832022 Total Households 5,560 66,307 171,3822000-2010 Annual Rate 2.91% 0.41% 0.14%2010-2017 Annual Rate 2.29% 1.14% 1.05%2017-2022 Annual Rate 1.62% 1.25% 1.28%2017 Average Household Size 1.86 2.10 2.35
Housing Units2017 Total Housing Units 5,694 68,300 175,053
2017 Owner Occupied Housing Units 586 22,690 69,1372017 Renter Occupied Housing Units 4,544 39,637 91,6462017 Vacant Housing Units 564 5,973 14,270
Race and Ethnicity2017 White Alone 54.2% 62.5% 62.9%2017 Black Alone 18.6% 13.3% 11.8%2017 American Indian/Alaska Native Alone 0.6% 0.6% 0.6%2017 Asian Alone 8.0% 7.9% 8.1%2017 Pacific Islander Alone 0.1% 0.1% 0.1%2017 Hispanic Origin (Any Race) 33.4% 29.8% 33.8%
Income2017 Median Household Income $50,528 $60,016 $60,0232017 Average Household Income $79,654 $99,119 $98,746Per Capita Income $41,608 $47,096 $42,082
2017 Population 25+ by Educational AttainmentTotal 6,678 94,175 258,671
High School Graduate 15.1% 14.1% 15.2%GED/Alternative Credential 1.0% 1.7% 1.9%Some College, No Degree 20.7% 19.4% 18.7%Associate Degree 7.0% 6.0% 5.7%Bachelor's Degree 31.9% 32.2% 29.0%Graduate/Professional Degree 15.8% 17.3% 16.4%
Data for all businesses in areaTotal Businesses: 2,732 10,992 20,865
Total Employees: 44,770 160,895 294,785
Daytime Population2017 Total Daytime Population 53,155 239,256 521,223
Workers 50,070 185,898 353,5313,085 53,358 167,692Residents
SRS REAL ESTATE PARTNERS | 8343 Douglas Avenue, Suite 200 | Dallas, TX 75225 | 214.560.3200This information contained herein was obtained from sources deemed to be reliable; however SRS Real EstatePartners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. SRSRE.COM
DEM
OS Second Generation Restaurant
15207 Addison Road | Addison, TX
3
SRS INVESTMENT SERVICES
Contact
Tyler Isbell joined SRS Real Estate Partners in 2010. With a decade of retail real estate experience, Tyler specializes in tenant representation with a concentration on top entertainment concepts like Alamo Drafthouse, while also providing comprehensive leasing, sales and consulting services for restaurants and pad site users including Taco Bell, Chase Bank, Boston Market, BreWingz, Golden Chick and Heff ’s Burgers.
Tyler also focuses on landlord representation, redevelopment and new construction by working in coordination with owners and developers of shopping centers, power centers and mixed-use projects. Some of his most notable deals include a comprehensive redevelopment of the Richardson Heights Shopping Center from 70% vacant to a regional entertainment destination, Southgate Marketplace, a 73-acre, +/- 500,000 SF power center in Fort Worth and a new college campus-driven development at Northside at University of Texas at Dallas.
Daniel joined SRS Real Estate Partners in 2014 and focuses on Tenant Representation. Daniel not only supports regional rollouts for Carter’s, Sleep Number, and Walgreens, he also represents some of the newest, best-in-class restaurant and small shop operators like Even Stevens, Pita Fusion, and Archbrows.
As retail continues to trend towards experiential and entertainment concepts, Daniel also works with some of the leading nightlife groups such as SBBC Hospitium and the Evening Entertainment Group based in Scottsdale.
TYLER ISBELLVice [email protected]
DANIEL POKUSenior [email protected]
SECOND GENERATION RESTAURANT
INFORMATION ABOUT BROKERAGE SERVICES
Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS:• A BROKER is responsible for all brokerage activities, including acts performed by
sales agents sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf
of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):• Put the interests of the client above all others, including the broker’s own
interests;• Inform the client of any material information about the property or transaction
received by the broker;• Answer the client’s questions and present any off er to or counter-off er from the
client; and• Treat all parties to a real estate transaction honestly and fairly.
A license holder can represent a party in a real estate transaction.
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must fi rst obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary:• Must treat all parties to the transaction impartially and fairly;• May, with the parties’ written consent, appoint a diff erent license holder
associated with the broker to each party (owner an buyer) to communicate with,prdcovide opinions and advice to, and carry out the instructions of each party tothe transaction.
• Must not, unless specifi cally authorized in writing to do so by the party, disclose:• that the owner will accept a price less than the written asking price;• that the buyer/tenant will pay a price greater than the price submitted in
a written off er; and• any confi dential information or any other information that a party
specifi cally instructs the broker in writing not to disclose, unless required
to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner fi rst.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:• The broker’s duties and responsibilities to you, and your obligations under the
representation agreement.• Who will pay the broker for services provided to you, when payment will be
made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.
Texas Real Estate Commission (11-2-2015)
SRS Real Estate Parners LLC 9003586 [email protected] 214.560.3200
Licensed Broker/Broker Firm Name or
Primary Assumed Business Name
License No. Email Phone
Mark Reeder 318755 [email protected] 214.560.3200
Licensed Supervisor of Sales Agent/Associate License No. Email Phone
Tyler Isbell 537583 [email protected] 214.560.3145
Sales Agent/Associate’s Name License No. Email Phone
Buyer Initials Tenant Initials Seller Initials Landlord Initials Date
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