Coco Shrimp 1240 E Belt Line Rd

3,019 SF Retail Building Richardson, TX 75081 £1,865,612 (£617.96/SF) 6.25% Net Initial Yield

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INVESTMENT HIGHLIGHTS

Coco Shrimp; Newly Renovated Absolute NNN Single-Tenant Drive-Thru Asset Located in the Dense DFW submarket of Richardson, TX
Coco Shrimp is an Established TX Hawaiian Seafood Concept with Eight (8) Locations in TX & Continuing to Expand
Combined Traffic Volumes Exceeding 69,800 VPD at the Intersection of Belt Line Road & Plano Road

Newly Renovated in 2024 with Primary Lease Term Through April 2036; 10% Escalations Every 5 Years Including Each of the Three, 5-Year Renewal Options
Average Household Income Exceeds $137,400 & $98,900 in a 1 & 3 Mile Radii, Respectively
Dense Regional Retail Corridor with Over 1 Million SF of Retail GLA in a ½ Mile Radius

EXECUTIVE SUMMARY

Coco Shrimp is an absolute triple-net (NNN), newly renovated (2024) single-tenant drive-thru asset located in the dense Dallas Forth Worth suburb of Richardson, Texas. The tenant has signed a new lease through April 2036. The lease features zero landlord responsibilities and includes 10% rent escalations every 5 years, including each of the three 5-year renewal options. The Property is an ideal single-tenant asset, designed at 3,019 square feet with a drive-thru, providing long-term residual value. Coco Shrimp benefits from frontage to Belt Line Road, a highly visible two-sided pylon sign, multiple ingress/egress points of access, drive-thru access and an outdoor patio. Neighboring notable national credit retailers including Include Target, Lowe’s, Ross, Burlington, Aldi, LA Fitness, Chick-fil-A McDonald’s, Dunkin’, and Comerica, among numerous others.