1420 East Belt Line Road
Richardson, TX
Price:
$2,874,000
Cap Rate:
4.35%
NOI:
$125,000
Building Size:
Approx. 2,398 Sq. Ft.
Lot Size:
Approx. 0.62 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2020
Investment Overview
- 2020 Construction. 2,398+/- SF Building on .62+/- Acre Site
- New 10-Year Corp Ground Lease w/ 10% Rent Bumps Every 5
- Located along E Belt Line Rd and Plano Rd, traffic count 65K VPD
- Signalized Intersection, Adjacent to Lowe’s & Super Target Anchored Center
- Proximity to CityLine Mixed-Used 3M S.F, State Farm HQ & Raytheon Campus
- Richardson is an affluent inner suburb of Dallas, home to major Telecom Companies
- Major Employers: AT&T, Verizon, Cisco Systems, Samsung, Texas Instruments, Fujitsu
- Strong Demographics with AVG HH Income $76,719 & Estimated Population of 120,981
- Dallas – Fort Worth (MSA) | Leading the U.S. in Population Growth | Pop: 7,573,136+