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Panera 3-Tenant 6280 Tennyson Pky 6,634 SF 100% Leased Retail Building Plano, TX 75024 $4,666,000 ($703.35/SF) 6.15% Cap Rate
Investment Highlights
- Complimentary Tenant Mix with Panera Bread (Drive-Thru End Cap), Mathnasium & AlphaGraphics
- Parallel Positioning Along Tennyson Parkway’s Adjacent Intersection with Communications Parkway (27,700+ Combined VPD)
- Located in Plano’s Prime Retail & Employment Corridor With 1.2M+ SF of Retail GLA in a 2-Mile Radius & 21.6M+ SF of Office GLA in a 1.5-Mile Radius
- Moments from AT&T’s Newly Announced Future Global Headquarters (54 Acres, 10,000+ Employees Expected) & Toyota’s North American Headquarters
- 100% Leased, 6,634 SF, 3-Tenant Retail Center Minutes from Plano’s Legacy West & Corporate Employment Hub
- Average Household Income Exceeds $172,300 & $178,300 in a 1- & 3-Mile Radii Radii
Executive Summary
- Strong Fundamentals Located at the Signalized Intersection of Tennyson Parkway (18,000+ VPD) & Corporate Drive on a +/- 1.13 Acre-Parcel with Multiple Ingress/Egress Points of Access & 46 Parking Spaces (6.9/1,000 SF Parking Ratio)
- Parallel Positioning Along Tennyson Parkway’s Adjacent Intersection with Communications Parkway (27,700+ Combined VPD); Seconds from Dallas North Tollway (~116,600 VPD)
- Located within Legacy Business Park: 2,665-Acre Master-Planned Development Home to 33M+ SF of Office GLA, 750K+ SF of Retail GLA & 6,000+ Residents & Employees
- Major Corporate Campuses within Minutes of the Property include PepsiCo (250K+ SF), Frito-Lay (1.6M+ SF), JCPenney (1.8M+ SF), FedEx Office (300K+ SF), Keurig Dr. Pepper, Ericsson & JP Morgan Chase Amongst Others
- Parallel Positioning Along Tennyson Parkway’s Adjacent Intersection with Communications Parkway (27,700+ Combined VPD); Seconds from Dallas North Tollway (~116,600 VPD)
- Located within Legacy Business Park: 2,665-Acre Master-Planned Development Home to 33M+ SF of Office GLA, 750K+ SF of Retail GLA & 6,000+ Residents & Employees
- Major Corporate Campuses within Minutes of the Property include PepsiCo (250K+ SF), Frito-Lay (1.6M+ SF), JCPenney (1.8M+ SF), FedEx Office (300K+ SF), Keurig Dr. Pepper, Ericsson & JP Morgan Chase Amongst Others
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
6,634 SF
Year Built
2019
Price
$4,666,000
Price Per SF
$703.35
Cap Rate
6.15%
NOI
$286,992
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
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