May 3, 2023 – Kyle Danielson and Justin Spillane of Horvath & Tremblay have successfully completed the sale of Hat Creek Burger in Sachse, Texas. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $3,909,000.
Hat Creek Burger is located 7700 TX State Highway 78 in Sachse, Texas. The build-to-suit property was completed in 2019 and Hat Creek Burger has 18+ years remaining on their 20-year Absolute NNN Lease with four (5), 5-year renewal options. The lease feature attractive 10% rent increases every five years throughout the primary lease term and the renewal options. Hat Creek Burger is run by an experienced, multi-brand operating group with an extensive background operating 180+ Pizza Huts and 30+ Zaxby’s, in addition to their 26 Hat Creek Burger locations. The Property is well located along TX State Highway 78, the area’s primary commercial and commuter corridor, and 500 feet from the signalized intersection with Woodbridge Parkway. The Property is surrounded by new construction commercial properties along State Highway 78 and densely populated residential neighborhoods just off the highway. Hat Creek Burger is strategically located as an outparcel to LA Fitness and across the street from a Walmart Supercenter. The Property is within 3-miles of several area schools and is 4-miles from President George Bush Turnpike, a primary highway that traverses the outskirts of Dallas. Hat Creek Burger is ideally positioned in Sachse, a suburb approximately 20-miles northeast of Dallas, and will benefit from a strong commercial base a growing city, and densely populated residential developments, all of which drive customers to the immediate area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.