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27817613
27817614

433 Coit Rd, Plano, TX 75075

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa
$5,148,000
224 days on market
Updated 28 days ago

Whataburger | Plano, TX

Details
APN R-4892-001-0040-1
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 3,420
Cap Rate 4.8%
NOI $247,116
Occupancy 100%
Tenancy Single
Brand/Tenant Whataburger
Lease Type Absolute NNN
Lease Term 19
Lease Expiration 08/31/2038
Remaining Term 12.2
Rent Bumps Yes
Lease Options 3 (5-year)
Broker Co-Op Yes
Year Built 2002
Buildings 1
Stories 1
Acreage 1.150
Zoning CC: Corridor Commercial
Parking Spaces 41 spaces
Parking Per SqFt 11.99
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2019
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Sale Condition 1031 exchange

Outparcel to Walmart Super Center | $153,452 Average HHI within 3-Miles

Marketing description

Introducing a lucrative investment opportunity at 433 Coit Road in Plano, Texas. This single-tenant property, an outparcel to Walmart Supercenter, boasts over 12 years remaining on a lease with scheduled rental increases. With a net operating income of $247,116 and a cap rate of 4.49%, this Absolute NNN investment offers a hassle-free ownership experience as the tenant is responsible for all costs. Ideally situated in a high-traffic area along Coit Rd and near George Bush Turnpike, the property benefits from a dense retail corridor with strong demographics. The 3,420 SF space on a 1.15-acre lot features fee simple ownership, making it a prime choice for passive investors looking to benefit from the thriving market in Plano.

Investment highlights

  • 12+ Years Remaining | Scheduled Rental Increases | Options to Extend

  • Absolute NNN | Fee Simple Ownership

  • Outparcel to Walmart Supercenter | Along Coit Rd | George Bush Turnpike | Dense Retail Corridor

  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

Listing Contacts

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$247,116.00
$20,593.00/mo

Valuation Metrics

0
DSCR
4.8%
Cap Rate
4.8%
ROI

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Additional Information

Name
Ryan Johnson
License
TX License No. 525292
Brokerage
SRS Real Estate Partners-Southwest, LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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