Property Name

Hawaiian Bros & Bank of America ATM - Lewisville, TX

GLA 3,598 SF

Property Description

SHOP Companies is pleased to offer for sale to qualified investors the opportunity to purchase a 0.96-acre Hawaiian Bros Island Grill and Bank of America ATM located in Lewisville, TX. Hawaiian Bros Inc., a high-volume fast-casual chain, has signed a brand-new 20-year Absolute Net Ground Lease, which is scheduled to commence in the Summer of 2023. The lease has a rare, multi-guarantee structure, with signatures from Hawaiian Bros. Corporate (30+ units), Stine Enterprises (112+ unit franchisee), and partial-term guarantees from each of the four (4) founding members of Hawaiian Bros Inc.

The subject property also includes a Bank of America, N.A. (S&P: A+) ATM subject to an Absolute NNN Ground Lease with over 4 years remaining. Both Leases include attractive 10% rent bumps every 5 years and in each option period. The Subject Property is an outparcel to Sam’s Club and Walmart Supercenter located just off I-35E (160,812 VPD) and surrounded by dozens of other national tenants. The property is also just across the street from Lewisville High School (4,561 students) and in close proximity to over a dozen other schools. Within five (5) miles, the population is 206,578 with average household income over $129,000. Formerly, the site was the home of an extremely high-performing Chick-Fil-a, which recently relocated less than a mile away to a much larger 2.5 acre pad.