1200 E Spring Creek Pky - Restaurant FOR SALE
Plano, TX 75074 |
$3,100,000 USD
858-373-3184
1200 E Spring Creek Pky
Plano, TX 75074
HIGHLIGHTS
- 20 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2024 Construction.
- Positioned Along Area’s Major Retail and Traffic Corridor. Signalized Hard Corner - Features Easy Access & Excellent Visibility.
- Strong Daytime Employment Area - Near Numerous Established Business Parks, Medical and Regional Office Spaces, Distribution Centers, Industrial, etc.
- Tremendous Market Demographics with Rapid Growth - Densely Populated Affluent Area.
- Pad to Sam’s Club (1.7+ Million Annual Visitors) and Across Raising Cane’s. Near Numerous other National Retailers.
- Between 2000 and 2023, Plano, Grew Steadily srom 222,030 to 290,000 Residents, a 30.6% increase, Reflecting its Appeal as a Stable, Affluent City.
OVERVIEW
Popeyes w/ Drive Thru | 20 Year Absolute Net Lease | Pad to Sam’s Club (1.7+ M Annual Visitors) | Signalized Hard Corner | High Traffic U.S. Hwy-75 Location | Strong Daytime Employment Area | Densely Populated & Affluent Area: $131k+ Avg. HHI | Near $1 Billion Mixed-Use Redevelopment and Minutes from the Telecom Corridor - 25M Sq.Ft. of Office Space
FOR SALE DETAILS
PRICE
$3,100,000 USD
PRICE/SF
$1,223 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
POPEYES w/ DR-THRU | 20 YEAR ABSOLUTE NET
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.84 AC
LAND SF
36,590 SF
ZONING
LI-2
APN/PARCEL ID
R-4737-00A-0010-1
ASK ABOUT THIS PROPERTY
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858-373-3184
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858-373-3184
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