About This Restaurant
Investment Highlights
100% Leased National & Service Tenants Located at Allen bordering with Plano. Historically high real estate value. Located at Busy Corner Of Custer Rd & McDermott Dr. Long-Term, NNN Leases
Executive Summary
McDermott Commons South is a 100% leased, 21,000 SQFT strip mall containing a mix of national and service-orientated tenants with long-term, NNN leases. Located on 2.47 acres off the busy corner of Custer Rd. and McDermott Dr. in Allen, TX surrounded by national tenants. Current traffic counts to this busy intersection is 49,080 VPD. There is room for rent growth with the current lease rates for tenants below market rate.
Property Details
- Sale Type Investment NNN
- Property Type Retail Retail General Retail Restaurant General Retail Storefront General Retail Storefront Retail/Office Retail
- Building Size 21,232
- Building Class B
- Year Built 2000
- Price 5,750,000
- Price Per SF 271
- Cap Rate 6.76
- NOI 388,642
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.20
- Land Acres 2.47 AC
| Date Created: | 2024-07-16 04:23:40 | Last Updated: | 2024-07-16 04:23:40 |
| Address: | 2035 W McDermott Dr , Allen, Texas, 75013 | ||