1001 Preston Rd

62,519 SF Retail Building Plano, TX 75093 $13,500,000 ($216/SF) 5.16% Cap Rate

Investment Highlights

  • Excellent Visibility

Executive Summary

Capstone Commercial is pleased to present this one-of-a-kind offering. Texas Collision Centers is strategically positioned at the hard northwest corner of Preston Road and President George Bush Turnpike in the heart of the D/FW Metroplex in Plano, Texas.
This prime location offers unrivaled visibility and accessibility, drawing in clients throughout the northern area of D/FW. With its strategic placement amidst thriving businesses on Preston Road and surrounding trade areas, this property presents an enticing investment opportunity for savvy buyers looking to capitalize on the vibrant Northern Corridor Market of D/FW.
This former Toyota of Plano build-to-suit and now state-of-the-art remodel from CarLotz and Texas Collision Centers in 2021 and 2023 consists of six buildings totaling 62,519 square feet and situated on 5.75 acres of land. The Offering is an extremely rare infill covered land play. The property has excellent visibility and access to over 272,336 vehicles per day. Surrounding the property are tremendous densities with 119,517 and 361,098 residents within a 3- and 5-mile radius. Average household incomes within this 3- and 5-mile radius are an incredible $132,177 and $119,158.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
62,519 SF
Building Class
B
Year Built
1990
Price
$13,500,000
Price Per SF
$216
Cap Rate
5.16%
NOI
$696,600
Tenancy
Single
Building Height
2 Stories
Building FAR
0.25
Lot Size
5.75 AC
Zoning
LC - Light Commercial
Parking
301 Spaces (10.58 Spaces per 1,000 SF Leased)
Frontage
362 FT on Preston Rd

Amenities

  • Dedicated Turn Lane
  • Air Conditioning
Walk Score®
Very Walkable (70)

Nearby Major Retailers

IHOP
The Perfect Workout
InTouch Credit Union
Red Hot & Blue
Denny's
First Bank
Black Sheep Coffee
Comerica
Plains Capital Bank
Burgerfi
  • Listing ID: 32596218

  • Date on Market: 7/26/2024

  • Last Updated:

  • Address: 1001 Preston Rd, Plano, TX 75093