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8900 Ohio Dr 12,016 SF 100% Leased Retail Building Plano, TX 75024 $5,727,000 ($476.61/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- A 12,000 SF retail center in Plano, TX, 100% occupied and built in 2008.
- Shadow-anchored and adjacent to major national retailers: Walmart Supercenter, Sam’s Club, and Home Depot
- All tenants have a renewal option at market value
EXECUTIVE SUMMARY
Introducing a prime investment opportunity at 8900 Ohio Drive in Plano, TX.
This 12,000 SF retail center, built in 2008, boasts full occupancy and a strong net operating income of $357,932, offering a solid 6.25% CAP rate. All Tenants are NNN lease and have renewal options at market rates, ensuring stable future income. Located on a high-traffic corridor with over 138,000 vehicles passing by daily on Sam Rayburn Tollway and 20,000 on Ohio Drive, this property presents excellent visibility and accessibility.
Surrounding demographics include a 2024 population of over 17,000 within a 1-mile radius, with an average household income conducive to retail success.
This 12,000 SF retail center, built in 2008, boasts full occupancy and a strong net operating income of $357,932, offering a solid 6.25% CAP rate. All Tenants are NNN lease and have renewal options at market rates, ensuring stable future income. Located on a high-traffic corridor with over 138,000 vehicles passing by daily on Sam Rayburn Tollway and 20,000 on Ohio Drive, this property presents excellent visibility and accessibility.
Surrounding demographics include a 2024 population of over 17,000 within a 1-mile radius, with an average household income conducive to retail success.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
12,016 SF
Building Class
B
Year Built
2008
Price
$5,727,000
Price Per SF
$476.61
Cap Rate
6.25%
NOI
$357,932
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.46 AC
Parking
87 Spaces (7.24 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-3994-00A-011R-1 | Improvements Assessment | $2,982,735 |
| Land Assessment | $1,465,650 | Total Assessment | $4,448,385 |
PROPERTY TAXES
Parcel Number
R-3994-00A-011R-1
Land Assessment
$1,465,650
Improvements Assessment
$2,982,735
Total Assessment
$4,448,385
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8900 Ohio Dr
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