601 W 15th St - Restaurant FOR SALE


Plano, TX 75075- Downtown Plano
$4,096,000 USD
214-335-4068
601 W 15th St, Plano, TX for Sale
$4,096,000 USD
Restaurant - FOR SALE
1/9
null | 6.15% Cap Rate

601 W 15th St
Plano, TX 75075
Downtown Plano


HIGHLIGHTS

  • 100% Leased Three (3) Tenant Retail Center Located in the Highly Relevant Dense Submarket of Plano, TX (DFW)
  • Adjacent to Central Expressway (US-75), Downtown Plano & Collin Creek Mall Redevelopment
  • Potbelly Recently Signed Early 10-Year Lease Extension Through August 2035
  • Average Base Lease Expiration of February 2032
  • Shallow Bay Depth, Signage on Both Sides of Building, Two Sided Brick Monument Sign & Double Outdoor Patio
  • Average Household Income Exceeds $120,500, $121,400 & $123,100 in a 1-, 3- & 5-Mile Radii, Respectively

OVERVIEW

Potbelly Retail Center is a 7,121 SF dynamic retail asset located on 15th Street just west of Downtown Plano and North of the Collin Creek Mall Redevelopment in the affluent northern DFW submarket of Plano, Texas. Positioned on 1.56 acres at a signalized intersection, the Property is approximately 20 minutes north of Downtown Dallas and approximately 25 minutes east of Dallas/Fort Worth International Airport. Potbelly Retail Center is leased to a complementary mix of restaurant and service tenants, which include Potbelly Sandwich Shop and Texas Original. As a testament to the strength of the submarket and location, Potbelly recently signed an early 10-year lease extension through August 2035. The Property benefits from shallow bay depth, an average base lease expiration of February 2032, signage on both sides of the building, a two-sided brick monument sign and double outdoor patio. Notable national retailers nearby include Costco Wholesale, Best Buy, At Home, Rooms To Go, Target, Hobby Lobby and Home Depot amongst others.

FOR SALE DETAILS

PRICE

$4,096,000 USD

PRICE/SF

$575 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Potbelly Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

R, Plano

APN/PARCEL ID

R-2952-00A-0050-1

ASK ABOUT THIS PROPERTY

Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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