214-497-0276
SWQ - FM 423 & US Hwy 380, Frisco, TX for Sale
Commercial LAND - FOR SALE
1/6
57,499 SF

SWQ - FM 423 & US Hwy 380
Frisco, TX 75035


HIGHLIGHTS

  • Brand New 2025 Construction with New 15-Year Corporate Back Ground Lease By Wells Fargo.
  • 10.00% Increases Every Five-Years Through the Primary and Option Terms.
  • Four 5-Year Renewal Options With 10.00% Increases.
  • Shadow-Anchored by New HEB, the Most Sought After Retailer and Traffic Generator in the Nation.
  • Income Tax-Free State - Perfect for a 1031 Exchange or Passive Investor.
  • Surrounding Retailers &Traffic Generators Include: HEB, Walmart, Kroger, Home Depot, Whataburger, Chick-Fil-A, McDonald’s, and CVS, Among Many Others

OVERVIEW

DB2RE INVESTMENT SALES is proud to present the rare opportunity to acquire Wells Fargo, (the “Property”), a 15-Year Absolute NNN Lease located at the SWQ of FM 423 & US Highway 380 in Frisco, Texas – shadow to the new HEB Supermarket. The tenant, Wells Fargo Bank, recently completed a 15-year lease that includes four 5-year renewal options and 10.00% increases every five years through the primary and option terms. The offering is an ideal, management free investment opportunity for passive investors and/or 1031 buyers. The Property consists of a free-standing, drive-thru building totaling ± 3,500 square feet on 1.32 acres of land. This offering provides new ownership with a rare opportunity to acquire a trusted financial institution valued at over $200 billion in the fastest growing city and #1 place to live in the nation. Located less than 3.5 miles from the intersection of Hwy 380 & Dallas North Tollway, an expansion project to extend the thoroughfare 13.7 miles north of US Highway 380, the Property enjoys tremendous densities with 92,770 & 195,791 residents within a 3- and 5-mile radius. Strategically positioned at the southwest quadrant of FM 423 & US Highway 380, two primary arteries in the Frisco / Little Elm / Prosper market. Within a 2-mile radius, the property is home to over 5,000 single-family lots and over 300 multi-family units, making this one of the fastest-growing big cities in the nation. New ownership has an excellent opportunity to capitalized on the booming population and a rapidly growing retail synergy immediately surrounding the Property. With over one million square feet of retail located in the immediate area, the intersections of FM 423 & US 380 have become a regional retail destination. Surrounding retailers include HEB, Kroger, Walmart, Home Depot, Whataburger, CVS, Chase Bank, Dutch Brothers, Black Rifle Coffee Company, McDonald’s, and many others.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

ON GROUND LEASE

Yes

LAND DETAILS

PROPERTY NAME

Wells Fargo

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Bank

LAND ACRES

1.32 AC

LAND SF

57,499 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Cameron DeptulaDB2RE Investment SalesMore Info
214-497-0276

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Cameron DeptulaDB2RE Investment SalesMore Info
214-497-0276

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