2300 N Central Expy - Restaurant FOR SALE


Plano, TX 75074
$3,218,000 USD
972-685-1421
2300 N Central Expy, Plano, TX for Sale
$3,218,000 USD
Restaurant - FOR SALE
1/4
null | 7.15% Cap Rate

2300 N Central Expy
Plano, TX 75074


HIGHLIGHTS

  • Zero Landlord Responsibilities
  • Twelve (12) Month Sale Leaseback at Closing
  • Irreplaceable Central Expressway Real Estate

OVERVIEW

? New Absolute Net Leaseback for Twelve (12) Months from Closing ? Benefits from Oversized +/- 1.34 Acre Parcel, Exceptional Demographics & Large Two Sided Pylon Sign Fronting Central Expressway ? Owner Operated Restaurant & Event Asset for 20+ Years ? Positioned Parallel to Central Expressway (236,300+ Vehicles Per Day); Adjacency to Park Boulevard (29,700+ Vehicles Per Day) ? Equipped with Outdoor Patio & Substantial Parking, Enhancing Long Term Residual Value ? Nearby National Tenants Include The Home Depot, Target, Walmart, Kroger, Dick’s, Starbucks, Best Buy, PetSmart, Harbor Freight, In-N-Out, Starbucks & Chipotle Amongst Others ? 4,500,000+ SF of Restaurant, Retail & Entertainment GLA in 1-Mile Radius (CoStar) ? Total Population in 5-Mile Radius Exceeds 312,600 People ? Two (2) Minutes from Highly Anticipated $1.0 Billion Collin Creek Mall Redevelopment; 230,000 SF of Retail GLA, 20+ Restaurants, 1,900 Luxury Apartments, Townhomes & Single Family Homes & 1.3 Million SF of Office GLA Anticipated Upon Completion ? 20 Minutes from Downtown Dallas & 25 Minutes from Dallas Fort Worth International Airport

FOR SALE DETAILS

PRICE

$3,218,000 USD

PRICE/SF

$362 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Central Expressway Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

97

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,449 SF

ZONING

F1-Commercial

APN/PARCEL ID

R-1646-001-0010-1

ASK ABOUT THIS PROPERTY

Harry HardinSHOP CompaniesMore Info
972-685-1421

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Harry HardinSHOP CompaniesMore Info
972-685-1421

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