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31227827
31227826

16809 Coit Rd, Frisco, TX 75035

HL
TX TX 724882
Summit Real Estate
AG
TX TX 636961
Summit Real Estate
JV
TX TX 512565
Summit Real Estate
Listed by Summit Real Estate
$4,700,000
76 days on market
Updated 26 days ago

3 Corners Plaza Building 7 & 8

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 10,550
Cap Rate 3.53%
NOI $165,931
Occupancy 49%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 9.56%
Pro-Forma NOI $449,206
Price per SqFt $483
Year Built 2023
Acreage 2.980
Ground Lease No

2023 High Quality Construction | 49% Occupied | Pro-Forma 8.17% Cap

Investment highlights

Value Add Retail Center on the Corner of 3 of the Fastest Growing Cities in the US – Frisco, McKinney, & Prosper, TX

2023 Class “A” Construction & Pad Site to High Performing Planet Fitness & Adjacent to Future H-E-B

NNN Lease with Swadeshi in Place with Built in 3% Annual Rental Escalations and 5,348 SF of Value Add Upside – 2400 SF of 2nd Gen Restaurant and 2,948 SF of Shell Space gives Investor Significant Upside

Located at the SWC of Highway 380 & Coit Rd – Over 70,000 Combined Vehicles Per Day on 380 & Coit

Average Household Income Over $154,000 in a 3 Mile Radius – More Than 2X the National Average • Booming North

Dallas Fort Worth Location – Annual Population Growth of 12.2% in a 1 Mile Radius Since 2010 • Minutes from PGA Brand New Headquarters & Field Development - a $10 Billion Mix Use Project

Surrounding National Retailers Include Walmart Supercenter, Kroger, Chick-fil-A, Starbucks, McDonald’s, CVS, Walgreens, Chase Bank, Dunkin’ Donuts, The UPS Store, LA Fitness, FedEx, Smoothie King, Sonic, Jack in the Box & Many More

Frisco is Home for Several Corporate Headquarter Offices Including Dallas Cowboys, Bank of America, PepsiCo, McAfee, Toyota, PGA, Frito-Lay, Hewlitt Packard, Capital One Intuit, Fed Ex & Many More

Listing Contacts

HL
TX TX 724882
Summit Real Estate
AG
TX TX 636961
Summit Real Estate
JV
TX TX 512565
Summit Real Estate
Listed by Summit Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$165,931.00
$13,827.58/mo

Valuation Metrics

0
DSCR
3.53%
Cap Rate
3.53%
ROI

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Additional Information

Name
Hudson Lambert
License
TX 724882
Brokerage Phone
6029303833
Name
Adam Gottschalk
License
TX 636961
Brokerage Phone
4691234567
Name
Jason Vitorino
License
TX 512565
Brokerage Phone
972-860-1966
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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