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3471 Fm 2499 664 SF Retail Building Corinth, TX 76210 $1,544,000 ($2,325.30/SF) 6.15% Cap Rate
Investment Highlights
- Drive Thru Asset Located in the Affluent, Growing North Dallas Submarket of Corinth, Texas
- Located on an Oversized +/- 0.72 Acres Parcel Directly Adjacent to HEB Grocery Company LP Owned Land
- Located Directly Adjacent to the Intersection of Teasley Lane and Village Parkway (Combined 36,500+ VPD)
- 10-Year Base Term With a 10% Rent Escalation in April 2030
- Strong Fundamentals: Parallel Position to the Road, Drive Thru & Prominent Monument Sign
- More than 141,000 People Live Within a 5 Mile Radius
Executive Summary
Scooter’s Coffee Ground lease is a 664 square foot drive-thru asset situated adjacent to the intersection of Teasley Lane and Village Parkway in the affluent, highly desirable northern DFW submarket of Corinth, Texas. The Property is positioned on +/- 0.72 acres of land, offering long-term residual value, and is approximately 40 minutes north of Downtown Dallas, 30 minutes north of DFW International Airport and 10 minutes south of Denton. Recently constructed in 2024, the Property benefits from a highly visible monument sign fronting Village Parkway, direct ingress/egress access, and a drive thru. Notable national retailers in the area include Kroger, CVS Pharmacy, 7-Eleven, Walgreens, McDonalds, AutoZone, Pizza Hut and Smoothie King, among numerous others.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
664 SF
Building Class
B
Year Built
2024
Price
$1,544,000
Price Per SF
$2,325.30
Cap Rate
6.15%
NOI
$94,956
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.72 AC
Zoning
F1 - Commercial - Commercial
Parking
7 Spaces (10.54 Spaces per 1,000 SF Leased)
Frontage
131’ on Farm to Market Road 2499
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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