6225 Eldorado Pky - Retail FOR SALE


Frisco, TX 75033
$9,547,000 USD
415-713-8578
6225 Eldorado Pky, Frisco, TX for Sale
$9,547,000 USD
Retail - FOR SALE
1/11
null | 5.25% Cap Rate

6225 Eldorado Pky
Frisco, TX 75033


HIGHLIGHTS

  • Absolute NNN lease with over 22 years remaining, no rent holiday, and no landlord responsibilities
  • 10% rent increase every 5 years at the start of each renewal option
  • Extremely affluent, high growth trade area (population increase of 44% in last 4 years!) with many new residential developments in progress nearby
  • Exceptional demographics with average household income over $183,000 and population of 280,000 within 5 miles
  • Large 1.91 acre lot on the hard corner of the signalized intersection Eldorado Parkway and Frisco Street with multiple points of ingress/egress
  • El Dorado Parkway is a major 6-lane east/west arterial in Frisco that connects with the Dallas North Tollway (85,130 VPD)

OVERVIEW

Cushman & Wakefield is pleased to present a recently completed 13,074± square foot freestanding CVS Pharmacy retail store with drive-thru on a 1.91 acre lot in Frisco, Texas (High Growth, Affluent North Dallas Suburb). There are over 22 years of primary term remaining on an absolute NNN lease with no landlord responsibilities and no rent holiday. The CVS property is located on the busy intersection of Eldorado Parkway and Frisco Street, just east of the Dallas North Tollway (85,130 VPD) in an extremely high growth area of Frisco, Texas with over 44% population growth within 1 mile over the past 4 years. Surrounding demographics are exceptional with average household income over $183,000 and population of 280,000 within 5 miles. The immediate area is a robust retail corridor with the Costco and Home Depot anchored Frisco Trails shopping center across the street, and the Target anchored Parkway Towne Crossing shopping center and the Market Street anchored Eldorado Marketplace shopping center ½ mile to the west. Eldorado Parkway is a major east/west arterial connecting with Little Elm and Lakewood Village to the west, and McKinney and US Highway 75 to the east. Additionally, the CVS property is conveniently located less than 1 mile from the 73-bed Texas Health Hospital Frisco and the new 120,000 sq.ft. multi-specialty UT Southwestern Medical Center.

FOR SALE DETAILS

PRICE

$9,547,000 USD

PRICE/SF

$730 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

R-9478-00A-0070-1

ASK ABOUT THIS PROPERTY

Christopher SheldonCushman & WakefieldMore Info
415-713-8578

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Christopher SheldonCushman & WakefieldMore Info
415-713-8578

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