Shipley Do-Nuts Ground Lease
Shipley Do-Nuts is a 1,750 square foot ground lease single tenant drive thru retail asset located just off Interstate 35 adjacent to Walmart Supercenter in the high growth south Dallas submarket of Red Oak, Texas. The Property features a brand new 15-year ground lease with 10% rent escalations every five (5) years and zero landlord responsibilities. Built in 2006, Shipley Do-Nuts is currently experiencing significant interior and exterior renovations with an anticipated opening date of September 15, 2023. Shipley Do-Nuts is strategically positioned on 0.63 acres near the intersection of Interstate 35 and Ovilla Road, the primary retail corridor of Red Oak, TX. Notable national retailers in the immediate area include Walmart Supercenter, CVS, Walgreens, Brookshires, Starbucks, Chick-fil-A, Chipotle, Panda Express, T-Mobile, UPS and Whataburger amongst others. Shipley’s Do-Nuts features exceptional visibility fronting Interstate 35, convenient accessibility to the Interstate 35 access ramp, drive thru capabilities, multiple ingress/egress points, masonry construction and highly visible 2-sided pylon sign. The Property benefits from favorable demographics with average household incomes exceeding $105,500 & $106,300 in a 3 & 5 mile radii, respectively.