4011 W Plano Pky - Office FOR SALE


Plano, TX 75093
$6,950,000 USD
954-703-3602
4011 W Plano Pky, Plano, TX for Sale
$6,950,000 USD
Office - FOR SALE
1/10
null | 7.73% Cap Rate

4011 W Plano Pky
Plano, TX 75093


HIGHLIGHTS

  • 100% Occupied | Scheduled Rental Increases | Lease Assumption | Established Brand | Below Market Rent
  • NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Strong Demographics in 5-mile Trade Area | Six-Figure Incomes
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Medical City Plano
  • Situated Along W Plano Pkwy | George Bush Turnpike | Excellent Visibility & Access

OVERVIEW

• The building is 100% occupied by Creative Learning dba the Einstein School and Hail strike • Creative learning currently has 6 years remaining on their initial lease with 1 (5-year) option to extend, demonstrating their commitment to the site • The lease features annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation • Hail Strike currently has 3 years remaining on their lease • The lease features a 3% annual rental increases throughout the initial term, growing NOI and hedging against inflation • Creative Learning will assume Hail Strike’s initial lease once it is completed in March of 2028 • This asset is grandfathered into being a storm shelter, making it an irreplaceable location for any school (2016, a law was passed which required new schools to be built with storm shelters) • Tenants are paying a below market rent of $18 PSF vs $30 PSF • Einstein educators offer personalized attention, encouraging students to question, observe, analyze, and explore possibilities through inquiry-based learning

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

7.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Einstein School - Parkway West

PROPERTY TYPE

Office

ADD'L SUBTYPES

Day Care Center, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

103

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

LI-1, Plano

APN/PARCEL ID

R-1474-001-0010-1

ASK ABOUT THIS PROPERTY

Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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