502 W McDermott Dr | Allen, TX 75013
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502 W McDermott Dr
Allen, TX 75013
Schlotzsky's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 15-Year Absolute Net Lease with 10 Percent Rental Escalations Every Five Years.
- More than 288,595 Residents and an Average Household Income of $141,393 Within a Five-Mile Radius
- Experienced Franchisee (Albert Restaurant Group, LLC) with 26 Locations Across Texas
- Signalized Hard Corner Location on W McDermott Drive (28,364 VPD) a Block from Sam Johnson Highway (159,207 VPD)
- 119 Percent Population Growth Since 2000 and 11 Percent Projected Growth in the Next Five Years (5-Mile Radius)
- Dense Retail Corridor – Next to Allen City Hall and Surrounded by Multiple Power Centers Anchored by Tom Thumb, Target, The Home Depot and Lowe’s
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,137 SF
Year Built/Renovated
1998/2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.79 AC
Zoning
SFR
PROPERTY TAXES
| Parcel Number | R-3893-00A-0010-1 | Improvements Assessment | $683,340 |
| Land Assessment | $669,598 | Total Assessment | $1,352,938 |
PROPERTY TAXES
Parcel Number
R-3893-00A-0010-1
Land Assessment
$669,598
Improvements Assessment
$683,340
Total Assessment
$1,352,938
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