125 N Plano Rd

125 N Plano Rd , Richardson, Texas, 75081 | 4,671 sq.f | $ 4,276,800

Card image
Card image
Card image

About This Restaurant

Investment Highlights

Investors enjoy the security of an Absolute Triple Net (NNN) lease structure, with zero landlord responsibilities or expenses, ensuring consistent and This property benefits from an exceptionally dense and affluent demographic within a 5-mile radius, with over ?368,431 residents The investment benefits from outstanding retail synergy, being surrounded by national tenants such as Lowe?s, LA Fitness, Aldi, Target, Ross, Petco, The lease boasts over 10 years remaining on its base term, offering investors a stable and predictable income stream well into the future. Applebee?s consistently ranks among the top casual dining restaurant chains worldwide, boasting over 1,550 locations and offering a diverse menu appea The investment offers built-in protection against inflation with 8% rent increases every 5 years, providing investors with a hedge against rising cost

Executive Summary

Broker of RecordKyle MatthewsLicense No. 9005919 (TX)(866) 889-0550Matthews Real Estate Investment Services, Inc8300 Douglas Ave.,Ste. 750, Dallas, TX 75225

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    4,671
  • Year Built    2014
  • Price    4,276,800
  • Price Per SF    916
  • Cap Rate    7.50
  • NOI    320,760
  • Percent Leased    100
  • Building Height    1 Story
  • Building FAR    0.13
  • Land Acres    0.85 AC

Nearby Amenities & Transportation

Retail Starbucks
Retail Jason's Deli
Retail Chase Bank
Retail ALDI
Retail Applebee's
Retail Happy Lemon
Retail La Fitness
Retail Youfit Health Clubs
Retail Comerica
Retail Planet Fitness

Property Taxes

Parcel Number 422205000A0070000 42220700010040000 Improvements Assessment $1,713,840
Land Assessment $2,688,880 Total Assessment $4,402,720
Date Created: 2024-07-16 04:23:44 Last Updated: 2024-07-16 04:23:44
Address: 125 N Plano Rd , Richardson, Texas, 75081