Map of Property

First Watch

5353 Belt Line Rd, Dallas, TX 75254

  • For Sale $5,815,000
  • Property Type Retail
  • Property Size 5,672 SF
  • Lot Size 1.1 Acre
  • Year Built 2007
  • Date Updated May 16, 2025
  • Visibility/Traffic Count (VPD) 161,500

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, freestanding, newly renovated, First Watch investment property located in Addison (Dallas), Texas. The tenant, First Watch Restaurants, Inc, recently signed a brand new 12-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 6 years throughout the initial term and at the beginning of the first option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, management free investment opportunity for a passive investor in an income tax free state. The property is scheduled to open for business in December 2024.

 

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Contacts

broker
Patrick Luther Is this you?

SRS Real Estate Partners

broker
Matthew Mousavi Is this you?

SRS Real Estate Partners

Location

Getting Around

  • Walk Score ®

    86/100 Very Walkable

  • Transit Score ®

    47/100 Some Transit

  • Bike Score ®

    58/100 Bikeable
Powered by Walk Score ®
  • City Dallas, TX
  • Neighborhood Prestonwood Creek
  • Zip Code 75254
  • Market Dallas Fort Worth

Points of Interest

  • Forest Lane

    4.38 miles

  • LBJ/Central

    4.39 miles

  • Spring Valley

    4.56 miles

  • Farmers Branch

    5.27 miles

  • Arapaho Center

    5.34 miles

  • Carrollton Train Depot

    5.42 miles

  • Downtown Carrollton Station

    5.46 miles

  • Walnut Hill

    5.73 miles

  • Royal Lane

    5.90 miles

  • Park Lane

    6.32 miles

  • EVgo

    0.15 miles

  • Tesla Supercharger

    0.39 miles

  • ChargePoint

    0.40 miles

  • GE WattStation

    0.41 miles

  • GE Wattstation

    0.42 miles

  • AMC Village On The Parkway 9

    0.43 miles

  • QuikTrip

    0.48 miles

  • Texaco

    0.49 miles

  • Exxon

    0.62 miles

  • Tom Thumb Express

    0.62 miles

  • Marriott Parking Garage

    0.66 miles

  • Addison Circle One

    0.70 miles

  • TWO Addison Circle Parking

    0.79 miles

  • MAA Addison Circle (10)

    1.03 miles

  • Orange Garage

    1.59 miles

  • Yellow Garage

    1.84 miles

  • Blue Garage

    1.87 miles

  • Two & Three Forest Parking Garage

    3.63 miles

  • Lot V

    3.94 miles

  • Lot U

    4.13 miles

  • Panera Bread

    0.05 miles

  • San Martin

    0.06 miles

  • Chamberlain's Steak and Chop House

    0.07 miles

  • Crisp & Green

    0.11 miles

  • Shake Shack

    0.15 miles

  • Pho Bowl

    0.16 miles

  • Gyu-Kaku

    0.16 miles

  • Asian Mint

    0.16 miles

  • Mesero

    0.17 miles

  • Houlihan's

    0.18 miles

  • Burlington

    0.16 miles

  • Walmart Supercenter

    0.32 miles

  • Whole Foods Market

    0.42 miles

  • Tom Thumb

    0.52 miles

  • Trader Joe's

    0.75 miles

  • TJ Maxx

    0.82 miles

  • American Freight

    1.17 miles

  • Charter Furniture Clearance Outlet

    1.49 miles

  • Nordstrom

    1.56 miles

  • ALDI

    1.68 miles

Frequently Asked Questions

How much does First Watch cost?

The space currently listed for sale at First Watch asks for $5,815,000.

What is the total square footage of First Watch?

First Watch totals 5,672 square feet.

When was this property built?

First Watch was built in 2007.

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Contact First Watch
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