2333 N Central Expy
Plano, TX 75075
Guitar Center | Alida Hospitality · Retail Property For Sale

The Levy Retail Group is pleased to offer the opportunity to acquire a two-tenant big box retail center in the desirable Dallas-Fort Worth suburb of Plano, Texas. The center is 100 percent occupied by Guitar Center and Alida Hospitality (Alida Restaurant Supply). Guitar Center has occupied the center since 1999 and has extended its term until 2025. Alida is a brand new 10-year lease. Both leases are triple-net and have options for renewal. The building was originally constructed in 1990 and sits on three acres with ample paved parking. The subject property is located on the west side of North Central Expressway (U.S. Route 75), in between Park Boulevard and Parker Road. North Central Expressway is highly trafficked, with daily traffic counts exceeding 204,000. The property enjoys excellent access and visibility from the freeway of the building and two dedicated pylon signs. Dense retail lines the freeway, with many national and local retailers in the area including Target, At Home, Buy Buy Baby, Fiesta supermarket, Best Buy, Ross Dress for Less, Tuesday Morning, Party City, Petsmart, Burlington Coat Factory, In-N-Out Burgers, Steak ‘n Shake, Fuzzy’s Taco Shop, Bank of America, and others. The surrounding area has excellent demographics, with the five-mile average household being $108,500 and a population exceeding 283,100 residents. Plano is approximately 18 miles north of Dallas in Collin County and ranks as the ninth most populous city in the state of Texas. The city is an affluent hub for many corporate headquarters, with a stout roster of regional offices including: Intuit, Bank of America Home Loans, Ericsson, McAfee, Frito-Lay, Pizza Hut, NTT DATA (formerly Dell Services), DXC (formerly Hewlett Packard Enterprise), PepsiCo, FedEx Offices and Print Services and many others. New construction includes the headquarters for Toyota Motor North America and regional headquarters for Liberty Mutual Insurance Co. and JPMorgan Chase. In 2016, the City was named the 3rd 'Best Place to Live in America' by Money Magazine.