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POPEYES w/ DR-THRU | 20 YEAR ABSOLUTE NET 1200 E Spring Creek Pky

2,535 SF Retail Building Plano, TX 75074 $3,100,000 ($1,223/SF) 5% Cap Rate

Restaurants Texas Plano 1200 E Spring Creek Pky, Plano, TX 75074

Investment Highlights

  • 20 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2024 Construction.
  • Strong Daytime Employment Area - Near Numerous Established Business Parks, Medical and Regional Office Spaces, Distribution Centers, Industrial, etc.
  • Pad to Sam’s Club (1.7+ Million Annual Visitors) and Across Raising Cane’s. Near Numerous other National Retailers.
  • Positioned Along Area’s Major Retail and Traffic Corridor. Signalized Hard Corner - Features Easy Access & Excellent Visibility.
  • Tremendous Market Demographics with Rapid Growth - Densely Populated Affluent Area.
  • Between 2000 and 2023, Plano, Grew Steadily srom 222,030 to 290,000 Residents, a 30.6% increase, Reflecting its Appeal as a Stable, Affluent City.

Executive Summary

Popeyes w/ Drive Thru | 20 Year Absolute Net Lease | Pad to Sam’s Club (1.7+ M Annual Visitors) | Signalized Hard Corner | High Traffic U.S. Hwy-75 Location | Strong Daytime Employment Area | Densely Populated & Affluent Area: $131k+ Avg. HHI | Near $1 Billion Mixed-Use Redevelopment and Minutes from the Telecom Corridor - 25M Sq.Ft. of Office Space

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,535 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$3,100,000
Price Per SF
$1,223
Cap Rate
5%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.84 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
LI-2

Amenities

  • Freeway Visibility

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Popeyes
  • Retailer
  • 2,535 SF
  • -
  • Triple Net
  • Dec 2044
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Popeyes Retailer 2,535 SF - Triple Net Dec 2044

Links

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Walk Score®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Woodforest National Bank
Waffle House
La Fitness
Capital One
Starbucks
Five Guys
99 Ranch Market
Chase Bank
Buffalo Wild Wings
MOOYAH Burgers, Fries & Shakes

PROPERTY TAXES

Parcel Number R-4737-00A-0010-1 Improvements Assessment $4,733,620
Land Assessment $8,594,040 Total Assessment $13,327,660

PROPERTY TAXES

Parcel Number
R-4737-00A-0010-1
Land Assessment
$8,594,040
Improvements Assessment
$4,733,620
Total Assessment
$13,327,660
(858) 373-3184

Contacts

  • Listing ID: 33690568

  • Date on Market: 10/30/2024

  • Last Updated:

  • Address: 1200 E Spring Creek Pky, Plano, TX 75074

More public record information on 1200 E Spring Creek Pky, Plano, TX 75074

The Retail Property at 1200 E Spring Creek Pky, Plano, TX 75074 is currently available for sale. Contact The Mansour Group of Marcus & Millichap for more information.

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POPEYES w/ DR-THRU | 20 YEAR ABSOLUTE NET | 1200 E Spring Creek Pky
(858) 373-3184 x

POPEYES w/ DR-THRU | 20 YEAR ABSOLUTE NET | 1200 E Spring Creek Pky

1/2

Alvin Mansour

(858) 373-3184

(858) 373-3184

Christopher Talia

(858) 373-3235

(858) 373-3235

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