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Whataburger 433 Coit Rd 3,420 SF Retail Building Plano, TX 75075 $5,500,000 ($1,608.19/SF) 4.49% Cap Rate
INVESTMENT HIGHLIGHTS
- 12+ Years Remaining | Scheduled Rental Increases | Options to Extend
- Outparcel to Walmart Supercenter | Along Coit Rd | George Bush Turnpike | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
EXECUTIVE SUMMARY
• The tenant currently has 12+ years remaining on their initial lease with 3 (5-year) options to extend
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,420 SF
Building Class
C
Year Built
2002
Price
$5,500,000
Price Per SF
$1,608.19
Cap Rate
4.49%
NOI
$247,116
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.15 AC
Zoning
CC - Corridor Commercial
Parking
41 Spaces (11.99 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Signage
- Drive Thru
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-4892-001-0040-1 | Improvements Assessment | $1,071,172 |
| Land Assessment | $1,900,261 | Total Assessment | $2,971,433 |
PROPERTY TAXES
Parcel Number
R-4892-001-0040-1
Land Assessment
$1,900,261
Improvements Assessment
$1,071,172
Total Assessment
$2,971,433
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Whataburger | 433 Coit Rd
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