14441 Eldorado Pky - Convenience Store FOR SALE


Frisco, TX 75035
$5,995,000 USD
818-522-4792
14441 Eldorado Pky, Frisco, TX for Sale
$5,995,000 USD
Convenience Store - FOR SALE
1/3
null | 5.06% Cap Rate

14441 Eldorado Pky
Frisco, TX 75035


HIGHLIGHTS

  • Absolute NNN
  • 7.5% Rental Increases every five years
  • Strong growth area - approximately 25% over last five years
  • Half a block from Heritage High School (2,000+/- students)
  • Average Household Income: $195,000
  • Tax Free State

OVERVIEW

This well located corporate absolute triple net 7-Eleven is at the signalized corner of Eldorado Parkway and Independence Parkway. The combined traffic from these two streets is over 31,000 VPD and the site is half a block from Heritage High School, with its approximately 2,000 students. Higher end homes and quality retail and commercial are close by with other area uses including McDonalds, HEB and Kroger grocery stores and many others. The area is upper income with average household income at $195,000. The lease features 7.5% rental increases every five years during the primary lease term and during the four 5-year extension options. The property may qualify for 15 year and/or bonus depreciation (contact your CPA for details). Frisco, Texas is in the Dallas-Fort Worth area and has been experiencing tremendous growth of approximately 25% over the last five years.

FOR SALE DETAILS

PRICE

$5,995,000 USD

PRICE/SF

$1,971 USD /SF

CAP RATE

5.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven Abs NNN High Income Area

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Fast Food, Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.92 AC

LAND SF

83,635 SF

ZONING

C-1

APN/PARCEL ID

R2759781

ASK ABOUT THIS PROPERTY

Chris ThompsonIREA, Inc.More Info
818-522-4792

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

Chris ThompsonIREA, Inc.More Info
818-522-4792

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