433 Coit Rd - Fast Food FOR SALE


Plano, TX 75075
$5,500,000 USD
480-221-4221
433 Coit Rd, Plano, TX for Sale
$5,500,000 USD
Fast Food - FOR SALE
1/8
null | 4.49% Cap Rate

433 Coit Rd
Plano, TX 75075


HIGHLIGHTS

  • 12+ Years Remaining | Scheduled Rental Increases | Options to Extend
  • Absolute NNN | Fee Simple Ownership
  • Outparcel to Walmart Supercenter | Along Coit Rd | George Bush Turnpike | Dense Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

• The tenant currently has 12+ years remaining on their initial lease with 3 (5-year) options to extend • The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$1,646 USD /SF

CAP RATE

4.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,007 SF

ZONING

CC

APN/PARCEL ID

R-4892-001-0040-1

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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