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Twin Peaks

Plano, Texas

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About the Investment:

  • 20-Year Corporate Absolute-Net Sale-Leaseback | Lease Will be Backed by 100+ Locations in 26 States, in the US and Mexico | Deep Pipeline of New Units Coming Online
  • Brand-New Construction | 8,700 Square Foot Building on a 1.87-Acre Lot in a Qualified Opportunity Zone |Property is Projected to Open for Business in Summer of 2023
  • Dense & Growing Retail Corridor | Immediate Proximity: to Costco, Target, Best Buy, In-N-Out, Burlington, ALDI, Guitar Center, PetSmart, Ross, CVS, Red Lobster, and Many More
  • Attractive Access to Travelers | Brand-New Construction Hampton Inn and Holiday Inn Directly Behind Site
  • Direct Access to Major Traffic Drivers | Full Cross-Parking and Access with All Lots in the Center – Two Hotels, Restaurants, Costco, and Spec’s
  • Affluent Suburban Community | Average Household Income Exceeds $115,000 for Homes within Five Miles of the Subject Property
  • Robust Demographics | Population Exceeds 308,000 Individuals within a Five-Mile Radius and is Projected to Grow Substantially Over the Next Five Years
  • Heavily Trafficked Area | Direct Visibility and Access from State Route 75 | Boasts Approximately 234,100 VPD | Site Will Feature a High-Rise Pole Sign
  • Strong Academic Presence | 35,000 Full-Time and Part-Time Students Enrolled within 2.5 Miles of the Subject Property
  • Highly Coveted Underlying Texas Real Estate | Strategically Positioned Near Both Dallas and Fort Worth |Third and Fifth-Most Populous Cities in Texas by Population, Respectively
  • Compelling Business Incentives | Income Tax-Free State

Key Details

Price:
$5,217,391
Cap Rate:
5.75%
Annual Rent:
$300,000
Address:
3310 N. Central Expressway, Plano, Texas 75074
Property Type:
Net Leased Restaurant
Lease Type:
Triple-Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
Close of Escrow
Lease Expiration:
20 Years from Close of Escrow
Lease Term Remaining:
20 Years
Rental Increases:
8.0% Every Five Years
Lot Size:
+/-1.87 Acres
Building Size:
8,700 SF
Year Built:
2023
Tenant:
Twin Peaks

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Alexandre Marietto

License: 10401294047

Jack Winslow

License: 10401334977

Erica Mitchell

License: 10401358653

Broker of record

Brian Brockman

Bang Realty-Texas, Inc

License: 701472


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