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2300 N Central Expy 8,893 SF Retail Building Plano, TX 75074 $3,218,000 ($361.86/SF) 7.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Zero Landlord Responsibilities
- Irreplaceable Central Expressway Real Estate
- Twelve (12) Month Sale Leaseback at Closing
EXECUTIVE SUMMARY
? New Absolute Net Leaseback for Twelve (12) Months from Closing
? Benefits from Oversized +/- 1.34 Acre Parcel, Exceptional Demographics
& Large Two Sided Pylon Sign Fronting Central Expressway
? Owner Operated Restaurant & Event Asset for 20+ Years
? Positioned Parallel to Central Expressway (236,300+ Vehicles Per Day); Adjacency to Park Boulevard (29,700+ Vehicles Per Day)
? Equipped with Outdoor Patio & Substantial Parking, Enhancing Long Term Residual Value
? Nearby National Tenants Include The Home Depot, Target, Walmart, Kroger, Dick’s, Starbucks, Best Buy, PetSmart, Harbor Freight, In-N-Out, Starbucks & Chipotle Amongst Others
? 4,500,000+ SF of Restaurant, Retail & Entertainment GLA in 1-Mile Radius (CoStar)
? Total Population in 5-Mile Radius Exceeds 312,600 People
? Two (2) Minutes from Highly Anticipated $1.0 Billion Collin Creek Mall Redevelopment; 230,000 SF of Retail GLA, 20+ Restaurants, 1,900 Luxury Apartments, Townhomes & Single Family Homes & 1.3 Million SF of Office GLA Anticipated Upon Completion
? 20 Minutes from Downtown Dallas & 25 Minutes from Dallas Fort Worth International Airport
? Benefits from Oversized +/- 1.34 Acre Parcel, Exceptional Demographics
& Large Two Sided Pylon Sign Fronting Central Expressway
? Owner Operated Restaurant & Event Asset for 20+ Years
? Positioned Parallel to Central Expressway (236,300+ Vehicles Per Day); Adjacency to Park Boulevard (29,700+ Vehicles Per Day)
? Equipped with Outdoor Patio & Substantial Parking, Enhancing Long Term Residual Value
? Nearby National Tenants Include The Home Depot, Target, Walmart, Kroger, Dick’s, Starbucks, Best Buy, PetSmart, Harbor Freight, In-N-Out, Starbucks & Chipotle Amongst Others
? 4,500,000+ SF of Restaurant, Retail & Entertainment GLA in 1-Mile Radius (CoStar)
? Total Population in 5-Mile Radius Exceeds 312,600 People
? Two (2) Minutes from Highly Anticipated $1.0 Billion Collin Creek Mall Redevelopment; 230,000 SF of Retail GLA, 20+ Restaurants, 1,900 Luxury Apartments, Townhomes & Single Family Homes & 1.3 Million SF of Office GLA Anticipated Upon Completion
? 20 Minutes from Downtown Dallas & 25 Minutes from Dallas Fort Worth International Airport
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,893 SF
Building Class
B
Year Built
1985
Price
$3,218,000
Price Per SF
$361.86
Cap Rate
7.15%
NOI
$230,087
Tenancy
Single
Building Height
2 Stories
Building FAR
0.15
Lot Size
1.34 AC
Zoning
F1-Commercial
Parking
97 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
93’ on N Central Expy
AMENITIES
- Freeway Visibility
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-1646-001-0010-1 | Improvements Assessment | $487,949 |
| Land Assessment | $2,045,708 | Total Assessment | $2,533,657 |
PROPERTY TAXES
Parcel Number
R-1646-001-0010-1
Land Assessment
$2,045,708
Improvements Assessment
$487,949
Total Assessment
$2,533,657
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2300 N Central Expy
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