3501 N Central Expy | Plano, TX 75023
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3501 N Central Expy
Plano, TX 75023
Red Lobster · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 19 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Four (5-Year) Options to Renew
- Densely Populated, Infill Location with Excellent Demographics – Over 302,000 People in a 5-Mile Radius & Average Household Income Exceeding $127,000
- Located in Collin County – Top 6 Fastest Growing Counties in the U.S. – Collin County Expected to have 2.4 Million people by 2050
- 2% Annual Rent Increases Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
- High Traffic Location – Over 200,000 Vehicles Per Day on US-75 and Over 37,000 Vehicles Per Day on Parker Road
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,112 SF
Building Class
C
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.55 AC
Zoning
COMM - Commercial
Parking
108 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
204’ on Central Expressway
PROPERTY TAXES
| Parcel Number | R-3430-00A-004R-1 | Improvements Assessment | $1,461,387 |
| Land Assessment | $2,221,481 | Total Assessment | $3,682,868 |
PROPERTY TAXES
Parcel Number
R-3430-00A-004R-1
Land Assessment
$2,221,481
Improvements Assessment
$1,461,387
Total Assessment
$3,682,868
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