0 Broadway Dr - Freestanding FOR SALE


Plano, TX 75024
$4,583,000 USD
214-720-0004
0 Broadway Dr, Plano, TX for Sale
$4,583,000 USD
Freestanding - FOR SALE
1/2
null | 6% Cap Rate

0 Broadway Dr
Plano, TX 75024


HIGHLIGHTS

  • Brand New Construction, Multi-Tenant Retail
  • Inflill Plano location amongst Fortune 500 corporations within the Legacy West submarket
  • Contractural rent growth that continues into options

OVERVIEW

DuWest Realty Investment Services is pleased to present the opportunity to acquire a two-tenant retail property known as Preston and Broadway ("the Property"), in Plano, Texas. Strategically located along one of DFW's most populous north/south thoroughfares, Preston Road (63,306 VPD), this newly constructed building is in the epicenter of North Dallas' Corporate Headquarters corridor. The 7,000 square foot, two tenant asset is situated amongst Fortune 500 corporate headquarters featuring companies such as Toyota, Frito Lay, JCPenney, JP Morgan and Yum! Brands. This retail and office corridor is the heart and home known as the Platinum Corridor and features trophy assets Legacy West, Shops at Legacy, The Star, and Frisco Station to name a few. This area has seen rapid development in recent years and is nestled in one of the most demanding areas along the Dallas North Tollway. This best-in-class Property is 100% leased to two strong tenants. Qamaria Yemeni Coffee is a rapidly growing coffee concept founded in Michigan in 2021. As of 2024, there are 16 locations across several states with plans for more store openings. The second tenant featured at the Property is Indian Restaurant called Ulavacharu. This is the third store (California based) and first Texas location. For over a decade, Ulavacharu has been serving authentic Indian cuisine and offers takeout , catering and custom sweets to celebrate special occasions. Broadway Drive offers an investor a partly stabilized, newly constructed retail featuring long term tenants with embedded cash flow increases. This epic retail location will continue to serve the ever-growing demographics as the area continues to be a top sub-market in Dallas, Fort-Worth.

FOR SALE DETAILS

PRICE

$4,583,000 USD

PRICE/SF

$655 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Preston & Broadway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

-

APN/PARCEL ID

R-12497-00B-0010-1

ASK ABOUT THIS PROPERTY

Alex Speed ThrockmortonDuWest RealtyMore Info
214-720-0004

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Alex Speed ThrockmortonDuWest RealtyMore Info
214-720-0004

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