Price:
$3,219,000
Cap Rate:
5.25%
NOI:
$169,000
Building Size:
Approx. 1,925 Sq. Ft.
Lot Size:
Approx. 1.13 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2000
Investment Overview
- 2024 Construction. 1,925+/- SF Building on 1.13+/- Acre Site
- Brand New Construction, 15-Year Corporate Absolute NNN Lease w/ 10% Rental Increases Every 5 Years & (4) 5-Year Options to Renew
- Rare Over-Sized Parcel of 1.13 Acres That Sits on a Signalized Intersection of FM 423 & Old Newman Road (48,750+ VPD)
- Exceptional Demographics w/ Population Over 117,000 People and an Average Household Income of $183,000+ in a 3 Mile Radius
- Less than 4 Miles from Fields West Development, a $10B Development that Includes PGA Headquarters, Universal Studios Theme Park, & Much More
- Corporate Guaranty w/ High Growth Oriented Business – Black Rock Coffee is Ranked One of America’s Fastest Growing Private Companies
- Frisco | Ranked #1 Real Estate Market in the U.S. | Population: 219,587+