2321 N Central Expy 14,202 SF Retail Building Plano, TX 75075 $5,075,000 ($357.34/SF) 5.25% Cap Rate

Caliber Collision (“Property”) is a 14,202 sq. ft building on 2.01 acres of land fronting N Central Expressway in one of Dallas’ most affluent suburbs, Plano, Texas. Caliber Collision, at the Property since 2005, is on a new 10 year NNN lease, with a rent escalation in 2030 through 2035. One remaining renewal option term extends the lease through September 2040. Per the lease, the landlord’s sole responsibility for the Property is an underground plumbing pipe.
Positioned with great visibility on the west side of N Central Expressway between Parker Road and Park Boulevard, this asset is surrounded by a dense population of high-income households. With top-performing public schools and a concentration of corporate headquarters, Plano (with average household incomes in excess of $114,000) is often cited with Highland Park and Southlake as having the greatest concentration of wealth in the Metroplex.
Property Features:
• Triple Net Lease – No LL Responsibilities w/ exception of underground pipe
• Fee Simple Ownership
• Corporate Guaranty
• Outstanding Plano location fronting North Central Expressway
• Prime infill location with very high traffic counts
• High Income Demographics
• Easy access from either N. Central Expressway Feeder Road or Perimeter Drive
• Store was a build to suit specifically for collision repair use
• One five-year renewal options at fair market value
• Over 118,000 population count in 3-mile radius; almost 316,000 in 5-mile radius
• Caliber is the largest collision repair company in the U.S.
• Long-term stable tenant
• Low rental compared to new stores
• Over 263,000 vehicles on average pass the site each day per TXDOT
• Household median income in Plano is $114,000
• Located in the midst of Dynamic Growth in the DFW Area
• Strong Location - Highly Visible on North Central Expressway