12066 FM 423 - Freestanding FOR SALE


Frisco, TX 75033
$3,149,000 USD
972-755-5205
12066 FM 423, Frisco, TX for Sale
$3,149,000 USD
Freestanding - FOR SALE
1/4
null | 5.75% Cap Rate

12066 FM 423
Frisco, TX 75033


HIGHLIGHTS

  • Corporate Ground Lease with 2.6 Years Remaining
  • Signalized Hard Corner Location on East Eldorado Parkway and FM 423 (85,591 VPD)
  • Affluent Dallas Submarket – $171K Average Household Income (1-Mile, 2x National Avg.)
  • 18-Year Operating History - Branch-Level Deposits of $154 Million
  • Large 1.35 Acre Outparcel to Walmart Supercenter

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Wells Fargo in Frisco, TX. The property consists of a 5,126-square-foot, freestanding building that sits on approximately 1.35 acres of land. There are 2.6 years remaining on the lease with 10% rental increases every 5 years.

FOR SALE DETAILS

PRICE

$3,149,000 USD

PRICE/SF

$614 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wells Fargo (Ground Lease)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,728 SF

ZONING

-

APN/PARCEL ID

R290965

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.