POPEYES w/ DR-THRU | 20 YEAR ABSOLUTE NET 1200 E Spring Creek Pky 2,535 SF Retail Building Plano, TX 75074 £2,335,540 (£921.32/SF) 5% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 20 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2024 Construction.
- Strong Daytime Employment Area - Near Numerous Established Business Parks, Medical and Regional Office Spaces, Distribution Centers, Industrial, etc.
- Pad to Sam’s Club (1.7+ Million Annual Visitors) and Across Raising Cane’s. Near Numerous other National Retailers.
- Positioned Along Area’s Major Retail and Traffic Corridor. Signalized Hard Corner - Features Easy Access & Excellent Visibility.
- Tremendous Market Demographics with Rapid Growth - Densely Populated Affluent Area.
- 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.
EXECUTIVE SUMMARY
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
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,535 SF
Building Class
B
Year Built
2025
Price
£2,335,540
Price Per SF
£921.32
Net Initial Yield
5%
NOI
£116,777
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
0.84 AC
Opportunity Zone
Yes
Zoning
LI-2
AMENITIES
- Motorway Visibility
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Popeyes
- Retailer
- 2,535 SF
- -
- NNN
- Dec 2044
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Popeyes | Retailer | 2,535 SF | - | NNN | Dec 2044 |
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-4737-00A-0010-1 | Improvements Assessment | £3,566,309 |
| Land Assessment | £6,474,750 | Total Assessment | £10,041,059 |
