US - Lubbock, TX
₱550,202,000 | 6,548 sm
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the ground lease interest in a brand new 2022 construction Salad and Go located in Burleson, TX (the “Property” or “Asset”). Salad and go is currently operating on a 20-year ground lease featuring zero landlord responsibilities and 10% rent increases every 5-years throughout the primary and renewal option periods.
Salad and Go operates 45+ restaurants throughout Arizona and Texas with headquarters in Phoenix, AZ. The fast-growing retail chain plans to add 35 restaurants in 2022 and 2023 throughout Arizona, Texas, Oklahoma and Nevada, representing a 77% increase.
The Asset is located 16 miles south of Fort Worth, directly across the street from Walmart Supercenter with outstanding surrounding local demographics of approximately 101k residents and average household income of $108k. This Walmart location saw 2.5 million visitors annually, ranking it in the top 13% of all Walmart locations nationally, per Placer.ai.