X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-A Dallas/Fort Worth favorite, Dickey’s Barbecue, is pushing an expansion that will add five more stores in 2004 as it brings this year to a close by making plans to build on two recently bought suburban lots.

The 4,000-sf restaurants will go up on a one-acre tract at the crossroads of Precinct Line and Harwood Street in Hurst and a 1.5-acre parcel at US Highway 78 and FM 544 in Wylie. Construction plans are still being firmed up, says Cullen Dickey of Falcon Realty Advisors in Dallas who brought the family’s account with him to the brokerage job. The Hurst land brought $16.25 per sf while the acreage in Wylie went for $3.50 per sf, Dickey, the only broker for both transactions, tells GlobeSt.com. In both cases, the sellers were local private investment partnerships.

Dickey’s Barbecue’s growth in the past 20 years has been sporadic, but the family’s restructured five-year business plan calls for adding add up to five locations annually to an existing 52-store portfolio, Dickey says. The criteria is a minimum one-acre tract at a key retail intersection in a trade area with a $60,000 annual household income.

Dickey says the expansion will take the restaurant into new Texas markets. The chain primarily is a North Texas name, but Dickey also is scouting for sites in San Antonio, Austin and Houston.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.