910 E Campbell Rd
Richardson, TX 75081
Comerica Bank Ground Lease · Retail Property For Sale
Investment Highlights
- Long Term Absolute NNN Ground Lease to Comerica Bank (NYSE:CMA) with 9 Years Remaining
- Scheduled 10% Rental Escalation in 2024
- Affluent, Educated, & Growing Dallas Suburb - AHHI of $113,787 within 1 Mile of Site
- Investment Grade Tenant Rated A3 by Moody’s and A- by S&P
- Prominent Retail Location Adjacent to US-75 Junction - 283,800 Combined AADT
- Approximately 3 Miles from University of Texas at Dallas - Approximately 28,000 Students Enrolled
Property Facts
Amenities
- Pylon Sign
- Drive Thru
Sustainability
Sustainability
LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)
About 910 E CAMPBELL RD , RICHARDSON, TX 75081
The subject property is prominently situated with excellent access and visibility along East Campbell Road (37,800 AADT) adjacent to its junction with US-75 (246,000 AADT). The site benefits from robust demographics with a total daytime population of 430,519 within 5 miles of the site and an annual growth rate of 3.16% within a 1 mile radius. Average household income is $113,787 within 1 mile of the site, and nearly 70% of the population within that radius has earned a Bachelor’s degree or higher – more than twice the national average. The property benefits from a prominent retail location neighboring numerous shopping centers and major retail tenants. Nearby retail centers include Richardson Plaza, anchored by Gold’s Gym; Campbell Road Village, featuring Natural Grocers and CVS; Pavilions East, anchored by Sprouts Farmers Market and Homegoods; Collin Creek Village, featuring Total Wine and Marshalls; CityLine Market, anchored by Whole Foods & CVS; Pavilion West, featuring 24 Hour Fitness; Collin Creek Mall, with major tenants including Planet Fitness, Big Lots, and Ashley Homestore ; Pavilion North, anchored by Marshall’s; Pavilion Court, with tenants including Target and Petsmart; Lennox Center, anchored by Tom Thumb; Canyon Creek Plaza, with tenants including ATI Physical Therapy, Smoothie King, and more; Campbell Plaza, anchored by Dollar General; North Rich Plaza, with tenants including O’Reilly Auto Parts and Dollar General; Creekwalk Village, featuring Petco an¬d Bed Bath & Beyond; and more. Major retail tenants in the surrounding area include Walmart Supercenter, Sam’s Club, Kroger, Fiesta Mart, the Home Depot, and more. In addition, the property is located approximately 3 miles from the University of Texas at Dallas, Richardson’s 3rd-largest employer with a staff of more than 2,600 and more than 28,000 students enrolled. The property is located in close proximity to numerous other major employers, including Geico, Traveler’s, Blue Cross/Blue Shield of Texas, Convergys, Honeywell, Yahoo, Tyco Simplex, Grinnell, Inogen, Digital Realty, Fortis Labs, RealPage, Infosys, and more.
Property Taxes
| Parcel Number | 422697500C0020000 | Improvements Assessment | $1,045,730 |
| Land Assessment | $627,270 | Total Assessment | $1,673,000 |
Property Taxes
