1504 West Exchange Parkway
Allen, TX
Price:
$8,118,000
Cap Rate:
5.00%
NOI:
$405,912
Building Size:
Approx. 12,546 Sq. Ft.
Lot Size:
Approx. 1.98 Acres
Type:
Single-Tenant / Retail
Sub Category:
Early Education
Year Built:
2018
Investment Overview
- 2018 Construction. 12,546+/- SF Building on 1.98+/- Acre Site
- 11 Yrs Remaining on 15 Yr NNN Lease w/ 2% Annual Bumps
- Property on Hard Corner of W Exchange Parkway (17K VPD) & Twin Creeks Drive (5K VPD)
- Subject Location Performs in the Top 5% of All Kiddie Academies
- Strong Income Demographics w/ est. $186,205 within a 1-Mile Radius
- Near Stephen G. Terrell Recreation Center, Allen Gateway, The Avenue, etc.
- Allen | Northern Suburb of Dallas, TX| Population: 111,000+
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