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PNC 8860 Fm 423 3,000 SF Retail Building Frisco, TX 75036 $4,942,529 ($1,647.51/SF) 4.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Average Household Income is over $168,000
- The property is located at U.S. 380 one of the major east / west artery and FM 423; one of the major north / south thoroughfares.
- West Neighbor: Brand new HEB, the Top Grocer in Texas.
- The population growth as been around 9% annually since 2020; one of the fastest growth rates in the country.
- North Neighbor: Kroger Marketplace, The Home Depot, Cook Children’s Medical Center, and an LA Fitness.
- Southwest Neighbor: Brand new Walmart Supercenter, one of the best retailers in the world.
EXECUTIVE SUMMARY
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,000 SF
Building Class
B
Year Built
2003
Price
$4,942,529
Price Per SF
$1,647.51
Cap Rate
4.35%
NOI
$215,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.80 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R254708 | Improvements Assessment | $934,600 |
| Land Assessment | $680,400 | Total Assessment | $1,615,000 |
PROPERTY TAXES
Parcel Number
R254708
Land Assessment
$680,400
Improvements Assessment
$934,600
Total Assessment
$1,615,000
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