1321 N Preston Rd - Freestanding FOR SALE


Prosper, TX 75078
$3,141,000 USD
813-434-8278
1321 N Preston Rd, Prosper, TX for Sale
$3,141,000 USD
Freestanding - FOR SALE
1/8
null | 5.75% Cap Rate

1321 N Preston Rd
Prosper, TX 75078


HIGHLIGHTS

  • Corporate Guaranty | Brand New 10 Year Lease | Scheduled 10% Rent Increases
  • NNN Lease | Minimal Landlord Responsibilities
  • Directly Across from Top-Performing Kroger
  • Dense Retail Corridor | Expanding Development Pipeline
  • Established & Expanding Residential Base
  • Exceptional Demographics | Explosive Growth

OVERVIEW

• The tenant recently signed a brand new 10 year lease with 2 (5-year) option periods to extend, demonstrating their commitment to the site • Lease backed by a corporate guaranty from Heartland Dental, the largest dental support organization in the U.S., operating over 1,600 locations across 38 states • 10% rental increases every five years throughout the initial term and each option period provide stable, growing cash flow

FOR SALE DETAILS

PRICE

$3,141,000 USD

PRICE/SF

$748 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental - DFW (Prosper) TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

PD

APN/PARCEL ID

R-9785-00A-0020-1

ASK ABOUT THIS PROPERTY

William WambleSRS Real Estate PartnersMore Info
813-434-8278

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William WambleSRS Real Estate PartnersMore Info
813-434-8278

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