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5855 Preston Rd - Building 2
2,946 SF Retail Condo Unit Offered at $2,175,000 in Frisco, TX 75034
Investment Highlights
- High visibility on Preston Rd
- In a very busy Retail complex
Executive Summary
A retail condo with an upscale Indian Restaurant and a CBD & Vape shop for sale on Preston Rd, Frisco, TX. It's in a very busy retail center in a great location with high visibility on Preston Rd. There are 3 others restaurants and a Sports Bar here. The front end Indian Jewelry shop attracts lot of traffic as well. Current tenants: 1947 Indian Vegetarian Restaurant and House of Vapes. Past tenants: Green Apple and Mango Leaf Restaurants and CBD Sacred Oils. Sale price:$ 2,175,000 Cap Rate : 5.86% Annual Appreciation: 15% Annual Rents: $127,500 + NNN ($8/SF) Monthly Cash flow: 12,581 Leased area: 2,946 SF Annual rent escalation: 4% It has a 5 to 6 years lease left and the existing tenants would like to extend on a long term lease. This will be a Cash-Only transaction, No financing/loan permitted. Closing within 30 days. If interested, please text/email me x 469-608-0450 for a quick response.
Property Facts
1 Unit Available
Unit 100
| Unit Size | 2,946 SF | Sale Type | Investment |
| Price | $2,175,000 | Cap Rate | 5.86% |
| Price Per SF | $738.29 | NOI | $127,455 |
| Condo Use | Retail |
| Unit Size | 2,946 SF |
| Price | $2,175,000 |
| Price Per SF | $738.29 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.86% |
| NOI | $127,455 |
Description
A retail condo with an upscale Indian Restaurant and a CBD & Vape shop for sale on Preston Rd, Frisco, TX. It's in a very busy shopping center in a great location with high visibility on Preston Rd. There are 3 others restaurants and a Sports Bar here.
Current tenants: 1947 Indian Vegetarian Restaurant and House of Vapes.
Past tenants: Green Apple Restaurabt, Mango Leaf Restaurant and CBD Sacred Oils.
Sale Notes
Sale price:$ 2,175,000
Cap Rate : 5.86%
Annual Appreciation: 15%
Annual Rents: $127,500 + NNN ($8/SF)
Monthly Cash flow: 12,581
Leased area: 2,946 SF
Annual rent escalation: 4%
It has a 5 to 6 years lease left and the existing tenants would like to extend on a long term lease.
This will be a Cash-Only transaction, No financing/loan permitted. Closing within 30 days.
Please do not disturb the tenants. If interested, please text/email me for quick response.
Amenities
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
zoning
| Zoning Code | F-1 (Commercial and Retail) |
| F-1 (Commercial and Retail) |
NNN Tenant Information Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| 1947 Indian Vegitarian Restaurant |
99,999 SF SF
|
Jan 0000
|
| House of Vapes |
99,999 SF SF
|
Jan 0000
|
Presented by
Ramjay LLC
5855 Preston Rd - Building 2
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