Blockchain Registration Transaction Record

SRS Closes $5.66M First Watch Sale in Dallas with Record Cap Rate

SRS Real Estate Partners closes $5.66M First Watch restaurant sale in Dallas with 5.5% cap rate. Matthew Mousavi and Patrick Luther facilitated the transaction for 90Ten.

This transaction signals strong investor confidence in single-tenant net lease restaurant properties, particularly in high-traffic retail corridors. For commercial real estate investors, it demonstrates the continued appeal of corporate-guaranteed leases with national brands in prime locations. The 5.5% cap rate sets a benchmark for similar properties in the Texas market, while the use of a 1031 exchange highlights tax-efficient investment strategies. The property's proximity to major retailers and high visitor traffic patterns provides valuable insights for restaurant chains and commercial developers considering expansion in growing suburban markets.