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34430268
34430267

SEC of Preston Road, and Broadway Plano, Plano, TX 75024 For Sale

WW
TX TX 596941
DUWEST
BP
TX TX 538293
DUWEST
JT
TX 792098
DUWEST
DuWest
Listed by DUWEST, DuWest
$4,583,000
0 days on market
Updated 0 days ago

Preston & Broadway

Details
Property Type Retail
Sub Type Storefront
Square Footage 7,000
Cap Rate 6.00%
NOI $275,000
Occupancy 100%
Tenancy Multi
Brand/Tenant Qamaria Yemeni Coffee, UlavacharU Indian Restaurant
Lease Type NNN
Lease Term 10
Rent Bumps Yes
Lease Options Two, Five-Year Options per tenant (UlavacharU @ 2% annual increases; Qamaria @ FMV 3% annual increases)
Price per SqFt $655
Year Built 2025
Buildings 1
Acreage 0.681
Investment Type Net Lease

SEC of Preston Road and Broadway, Plano, TX 75024

Marketing description

DuWest Realty Investment Services is proud to present an exceptional opportunity to acquire Preston and Broadway, a two-tenant retail property located at the strategically significant southeast corner of Preston Road and Broadway in Plano, Texas. This newly constructed asset benefits from its prime positioning along Preston Road, one of the Dallas-Fort Worth area's busiest thoroughfares, which sees an impressive daily traffic volume of 63,306 vehicles. With its contemporary design and high visibility, the property not only serves the immediate community but also attracts a steady flow of potential customers from the affluent neighborhoods surrounding it.

Situated within the heart of North Dallas' Corporate Headquarters corridor, Preston and Broadway offers significant advantages for both operators and investors. The locale is enriched by a robust demographic profile, characterized by high income levels and strong consumer spending power, making it an ideal destination for retail ventures. Additionally, the ongoing development and growth in this area bode well for future appreciation and increased foot traffic. Investors will appreciate the dual-tenant structure, providing stable cash flow and diverse income streams, positioning this property as a compelling addition to any commercial real estate portfolio.

Investment highlights

  • Brand New Construction, Multi-Tenant Retail
  • Infill Plano Location Amongst Fortune 500 HQs
  • 10 Year Terms with Annual Contractual Rent Growth
  • Average Home Value $666,863 (within 1 mile)

Listing Contacts

WW
TX TX 596941
DUWEST
BP
TX TX 538293
DUWEST
JT
TX 792098
DUWEST
DuWest
Listed by DUWEST, DuWest

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$275,000.00
$22,916.67/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Will Walters
License
TX 596941
Brokerage Phone
2146753665
Title
TX
Name
Bill Pyle
License
TX 538293
Name
Josie Trent
License
792098
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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