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Preston & Broadway 0 Broadway Dr 7,000 SF 100% Leased Retail Building Plano, TX 75024 $4,583,000 ($654.71/SF) 6% Cap Rate
Investment Highlights
- Brand New Construction, Multi-Tenant Retail
- Contractural rent growth that continues into options
- Inflill Plano location amongst Fortune 500 corporations within the Legacy West submarket
Executive Summary
DuWest Realty Investment Services is pleased to present the opportunity to acquire a two-tenant retail property known as Preston and Broadway ("the Property"), in Plano, Texas. Strategically located along one of DFW's most populous north/south thoroughfares, Preston Road (63,306 VPD), this newly constructed building is in the epicenter of North Dallas' Corporate Headquarters corridor.
The 7,000 square foot, two tenant asset is situated amongst Fortune 500 corporate headquarters featuring companies such as Toyota, Frito Lay, JCPenney, JP Morgan and Yum! Brands. This retail and office corridor is the heart and home known as the Platinum Corridor and features trophy assets Legacy West, Shops at Legacy, The Star, and Frisco Station to name a few. This area has seen rapid development in recent years and is nestled in one of the most demanding areas along the Dallas North Tollway.
This best-in-class Property is 100% leased to two strong tenants. Qamaria Yemeni Coffee is a rapidly growing coffee concept founded in Michigan in 2021. As of 2024, there are 16 locations across several states with plans for more store openings. The second tenant featured at the Property is Indian Restaurant called Ulavacharu. This is the third store (California based) and first Texas location. For over a decade, Ulavacharu has been serving authentic Indian cuisine and offers takeout , catering and custom sweets to celebrate special occasions.
Broadway Drive offers an investor a partly stabilized, newly constructed retail featuring long term tenants with embedded cash flow increases. This epic retail location will continue to serve the ever-growing demographics as the area continues to be a top sub-market in Dallas, Fort-Worth.
The 7,000 square foot, two tenant asset is situated amongst Fortune 500 corporate headquarters featuring companies such as Toyota, Frito Lay, JCPenney, JP Morgan and Yum! Brands. This retail and office corridor is the heart and home known as the Platinum Corridor and features trophy assets Legacy West, Shops at Legacy, The Star, and Frisco Station to name a few. This area has seen rapid development in recent years and is nestled in one of the most demanding areas along the Dallas North Tollway.
This best-in-class Property is 100% leased to two strong tenants. Qamaria Yemeni Coffee is a rapidly growing coffee concept founded in Michigan in 2021. As of 2024, there are 16 locations across several states with plans for more store openings. The second tenant featured at the Property is Indian Restaurant called Ulavacharu. This is the third store (California based) and first Texas location. For over a decade, Ulavacharu has been serving authentic Indian cuisine and offers takeout , catering and custom sweets to celebrate special occasions.
Broadway Drive offers an investor a partly stabilized, newly constructed retail featuring long term tenants with embedded cash flow increases. This epic retail location will continue to serve the ever-growing demographics as the area continues to be a top sub-market in Dallas, Fort-Worth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
Year Built
2026
Price
$4,583,000
Price Per SF
$654.71
Cap Rate
6%
NOI
$275,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.68 AC
Parking
43 Spaces (6.14 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | R-12497-00B-0010-1 | Improvements Assessment | $0 |
| Land Assessment | $1,038,862 | Total Assessment | $1,038,862 |
Property Taxes
Parcel Number
R-12497-00B-0010-1
Land Assessment
$1,038,862
Improvements Assessment
$0
Total Assessment
$1,038,862
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Preston & Broadway | 0 Broadway Dr
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