Salad and Go | Ground Lease Allen, TX

1205 Alma Drive
Allen, TX

Price: $1,858,000
Cap Rate: 5.65%
NOI: $105,000
Building Size: Approx. 686 Sq. Ft.
Lot Size: Approx. 1.14 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2023

Investment Overview

  • 2023 Construction. 686+/- SF Building on 1.14+/- Acre Site
  • New 20-Yr. Ground Lease w/ 10% Rental Increases Every 5 Years in Initial Term and Option Periods
  • Located on the NWC of Alma Drive (15,000+ VPD) And West Exchange Parkway (27,400+ VPD)
  • Subject Property Is 2 Miles From Allen Premium Outlets, and 1 Mile From the Upcoming Katy Trail Ice House Development
  • Located Just Down the Street From the Golf Club at Twin Creeks, an Award-Winning Arnold Palmer Signature Golf Course
  • Salad and Go Has Been Featured in Numerous Publications, Including Refinery 29, Food & Wine, Business Insider, and 12News
  • Allen  |  The 2nd Fastest Growing County in the U.S.  |  Population: 111,551