Accent Plaza
Accent Plaza | 8.1 YR WALT | $135,000 AHHI | Major DFW Intersection
Marketing description
CBRE’s National Retail Partners is pleased to exclusively present the opportunity to acquire Accent Plaza (the “Property”), a 100,598 square foot retail destination located at the critical intersection of Interstate 75 and PGBT in Plano, Texas (DFW). The center is home to PGA Superstore and Egg N Bird, both recently executing 10-year lease agreements establishing long-term income security at the property (8.1 YR WALT). The location thrives from visibility to 420,000 vehicles per day in addition to an affluent and robust daytime population exceeding 175,000 within 3-miles. Due to immediate accessibility to major employment hubs and demand drivers such as the $1B proposed redevelopment of the adjacent Collin Creek Mall, the site is primed for future densification opportunities. Accent Plaza presents investors with a secure revenue stream at a portion of replacement cost in the #1 commercial real estate market in the country.
Accent Plaza is being offered without an asking price. For full details, please view the Listing Website to complete a Confidential Agreement: https://bit.ly/449FrrW
Investment highlights
DYNAMIC DFW LOCATION
Ideally positioned at the convergence of I-75 & PGBT with visibility to 420,000 VPD
BANKABLE REVENUE STREAMS
Recent 10-year leases executed by both tenants provide 8.1 years of contractually guaranteed rent ($9.5M)
INTRINSIC VALUE
At a portion of replacement cost, Accent Plaza offers long-term densification rights adjacent to a $1B master-planned redevelopment
IMPRESSIVE CONSUMER BASE
Over 320,000 residents are located within 5 miles, generating $135,000 in annual income and $15B in buying power
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