9020 Independence Pky
Plano, TX 75025
Retail Property For Sale

The subject property is a 2,310-square foot single-tenant auto repair shop in the affluent Dallas/Fort Worth suburb of Plano, Texas. Over seven years remain on the double-net lease; the lease has a personal guarantee for the duration of the term. Landlord is responsible for roof and structure. The tenant has two, five-year options for renewal with seven percent rent increases scheduled at the beginning of each option period. Constructed in 2013, the building is situated on 0.78 acres. The subject property is located approximately one mile south of the Sam Rayburn Tollway on Independence Parkway near the signalized intersection with McDermott Road. The property is adjacent to McDermott Square shopping center with a mix of local retail tenants , 7-Eleven, AutoZone, and Russell Creek Pet Clinic. Other retailers in the neighboring area include Walgreens, McDonald' s, In Touch Credit Union, Chase Bank, Chicken Express, Kohl' s, The UPS Store, Papa John' s Pizza, and more. The area has phenomenal demographics, with a one mile average household income of over $139,460 and a five mile population of 269,716.