Listed by Marcus & Millichap - San Diego
$27,368,421
TROPHY REAL ESTATE | TOP TEXAS INTERSECTION
Details
Property Type Retail
Sub Type Bank, Grocery Store
Square Footage 11,932
Cap Rate 4.75%
NOI $1,300,000
Tenancy Multi
Brand/Tenant Bank of America
Lease Type NNN
Lease Expiration 11/30/2038
Remaining Term 12.4
Rent Bumps Yes
Class A
Year Built 2024
Acreage 2.220
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Investment Grade Absolute NNN Leases
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310686/bank-of-america-wild-forks
Investment highlights
- Rare opportunity to acquire a dual tenant corporate ground lease investment secured by Bank of America and Wild Fork Foods, delivering diversified income backed by investment grade credit.
- Both leases are structured as absolute NNN ground leases, eliminating landlord responsibilities while providing contractual rent increases and renewal options.
- Located within a high performing Whole Foods anchored retail corridor in West Plano, surrounded by Trader Joe’s, Market Street, and national retailers, driving strong daily traffic, tenant demand, etc
- Recently completed construction in 2023 and 2024 delivers tenant specific high quality improvements, reinforcing long term commitment while minimizing near term capital exposure, positioned within a supply constrained corridor supporting sustained real estate value.
- Situated at the signalized intersection of Preston Road and West Park Boulevard with over 87,000 vehicles per day, offering exceptional visibility, access, and positioning within one of North Dallas most established retail corridors.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $156k within a 1 Mile Radius and over 378k People Residing within a 5 Mile Radius.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,300,000.00
$108,333.33/mo
Valuation Metrics
0
DSCR
4.75%
Cap Rate
4.75%
ROI
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