1225 Coit Road
Plano, TX
Price:
$5508000
Cap Rate:
5.50%
NOI:
$302,903
Lot Size:
Approx. 1.38 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2017
Investment Overview
- Two single tenant retail buildings on one parcel totaling 1.38+/- Acre Site
- Jiffy Lube | 4,443+/- SF Building
- New 20-Year, Corporate NNN Lease with 10% Rent Bumps Every 5-Years
- Advance Auto | 6,912+/- SF Building
- New 15-Year, Corporate Lease with 10% Rent Bumps Every 5-Years
- Located along Coit Rd (44,000 VPD), just N of the George Bush Turnpike (140,000 VPD)
- Near multiple dealerships: Huffines Hyundai, Don Herring Mitsubishi, David McDavid Acura
- Plano is ranked #1 affluent Dallas suburb & #3 best place to live in America – Money Magazine
- Local Attractions: The Shops at Willow Bend (1,391,000 SF)| The Star (Dallas Cowboys HQ)
- 5-Mile Radius: 2016 Estimated Population: 336,692 | 3-Mile Average HH Income: $109,715
- Dallas – Fort Worth – Arlington (MSA): 4th Largest MSA in U.S | Population: 6,526,548